I wrote about what some people were calling the Homeless-Industrial Complex in LA and the billions being squandered two years ago.
Proposition HHH was going to solve the homeless crisis by hiking property taxes to raise $1.2 billion. The money would be used to build housing for the homeless. $1.2 billion could house all the homeless.
Couldn’t it? If it couldn’t, it was part of a $4.6 billion package of homeless tax hikes. There was Proposition H which added to the already hefty sales tax. Los Angeles voters backed that one too.
But instead the number of homeless increased faster than the supply of homeless housing. By ’18, the number of homeless was up to 58,000 from 32,000 in 6 years. Increasing subsidies to the homeless only increased their number.
The homeless housing being approved costs an average at $479,000 per unit. Two run at $650,000.
Read the full story from Front Page Mag
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