With the coronavirus-induced shock to the economy leaving millions out of work, homelessness in the U.S. could grow by 45% in a year, a study finds.
Even as Mayor Eric Garcetti has extended testing to everyone in L.A. County, doing the same for homeless people has proved to be far more challenging.a plan to ask landlords to forgive rent payments in exchange for equally sized tax credits spread out over a 10-year period starting in 2024. The tax credits would be transferable, meaning the property owner could sell them to an outside investor and get cash immediately.
Flaming said that there’s “a powerful connection between unemployment and homelessness.” What industries lay off and cut workers’ pay also will influence the size of the increase in homelessness. He also noted that public employment programs would greatly benefit those who are soon to find themselves out of work.
funds to respond to the homelessness crisis because of the coronavirus-prompted decline in tax revenue.a previous study that found that during the Great Recession, for every 1% jump in the unemployment rate, homelessness per 10,000 people grew by 0.65.projections for unemployment in July, which could rise to 16%, and arrived at the fact that a total of 800,000 Americans would be homeless by summer.
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