Study Finds Providing Free Housing to the Homeless Is Actually Cheaper Than Leaving Them On The Street

Even if you don’t think society has a moral obligation to care for the least among us, a new study underscores that we have a financial obligation to do so.

Late last week, the Central Florida Commission on Homelessness released a new study showing that, when accounting for a variety of public expenses, Florida residents pay $31,065 per chronically homeless person every year they live on the streets....

There is a far cheaper option though: giving homeless people housing and supportive services. The study found that it would cost taxpayers just $10,051 per homeless person to give them a permanent place to live and services like job training and health care. That figure is 68 percent less than the public currently spends by allowing homeless people to remain on the streets. If central Florida took the permanent supportive housing approach, it could save $350 million over the next decade.

Full Article: http://thinkprogress.org/economy/2014/05/27/3441772/florida-homeless-financial-study/