In LA County, the FY 2023-24 budget for the Homeless Initiative is $609.7 million. It was the largest annual investment approved by the Board of Supervisors to date to address the needs of people experiencing homelessness in Los Angeles County. Funding comes from voter-approved tax revenue, county funds, and state Homeless Housing, Assistance and Prevention grant dollars.
The FY 2024-25 approved spending plan is even larger, with $783 million proposed. The plan includes:
In the City of Los Angeles, the FY 2023-24 budget includes $1.3 billion to address homelessness in the city. The FY 2024-25 budget proposal includes approximately $950 million.
Facing potential budget deficits and reductions in funding from state and federal sources, the city was forced to pare down its budget, but Mayor Karen Bass has said the city’s plan is more targeted and streamlined.