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House the Homeless, Save Millions

Posted by: Nate Berg

13 January 2008 - 7:00am

Building housing fro the homeless in Seattle is saving the city more than $3 million per year, according to this editorial from the Seattle Post-Intelligencer.

"More proof that compassion isn't just good for the soul, but also good for one's pocketbook: Seattle and King County's housing projects targeting the chronically homeless work, and they save us $3.2 million each year. The Housing First projects are fiscally prudent, and, indeed, the very thing that made them controversial also makes them effective by seriously lowering the number of homeless patients needing emergency medical care."

Full Story: Homelessness: Good for the soul
Source: The Seattle Post-Intelligencer, January 9, 2008
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Even if the report overestimates the costs by a factor of two and underestimates the tax-benefit by a similar amount, the conclusion would be pretty much the same: destination resorts cost local government and taxpayers money.
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