Ending homelessness in King County will cost billions, regional authority says
As I say, we know how to solve the problem of homelessness. The issue is the money to pay for it, both immediately and ongoing.
-- "Ending homelessness in King County will cost billions, regional authority says," Seattle Times
From the article:
What would it take to end homelessness in King County? More than Seattle and county budgets have ever allocated. And more than double what Gov. Jay Inslee has proposed to address homelessness throughout the entire state.
The King County Regional Homelessness Authority estimates it would take more than $8 billion in capital costs, up to $3.5 billion in annual operating costs and tens of thousands more units of housing.
Local officials say that these numbers, released this week in the authority’s proposed five-year plan, are likely not far off — but are also likely beyond what they are able to fund.
The draft plan is intended to unite Seattle, King County and 38 other Puget Sound cities under one road map to tackle homelessness. The document comes more than two years into the authority’s existence, and is its first foundational guide to direct policy and budget.