Solutions Toolkit
Lal
HomelessnessinUSA.docxBUSINESS VALUATION CASE 3
Homelessness in USA
The topic I care about is homelessness because when I see people on the street my heart is so breaking all the time. I would like to know why these people are becoming homeless, who are the most associated in this subpopulation, and how the government manages those populations. According to the state of homelessness in America, the cause of homelessness has many reasons and varied across the country such as overregulation of housing markets, increasing the home prices, the prevalence of demand factors at the individual level, mental illness, drug abuse, low incomes and so on. Those factors can increase homelessness as a whole.
According to YaleGlobal Online, based on national reports estimated that no less than 150 million people or 2 percent of the world's population are homeless. According to the U.S. Department of Housing and Urban Development (HUD's) Annual Point-in-Time Count in January 2019, seventeen out of every 10000 people are experiencing homelessness and the total numbers are 567715 people across the United States. Seventy percent are individuals who are living on their own or adults and thirty percent are in families with children. If significantly defined by gender, 343187 are male, 219911 are female, 3255 are transgender, and 1362 are gender non-conforming. Approximately, 65 percent are in the shelter, and while the other 35 percent are living in unsheltered.
Countrywide the levels are different. The Columbia District (93 people out of every 10000), and New York (47 out of 10000) have the highest rates of the states. By comparison, the lowest concentrations are at Louisiana (6 out of 10000), and Mississippi (4 out of 10000). Several homeless people live in communities with elevated concentrations. Forty-five percent of the highest rates are in the five states. In recent research, predicts the number of COVID-19 cases, Los Angeles, New York City, San Jose, Seatle, Oakland, San Francisco, Las Vegas, and Phoenix are the major cities experiencing homelessness.
Compared to all other racial/ethnic groups Pacific Islanders and Native Americans are most likely to be homeless in America. Similarly, there are Black Americans, Multiracial Americans, and Hispanics/Latinxs. Group members are much more likely than the national average and white Americans to be homeless. The list by race/ethnicity 2019 are as follows: White - 270607 Black - 225735 Hispanic/Latinx - 124615 Multiracial - 36868 Native American - 17966 Pacific Islander - 9311 Asian - 7228 Note: Did not match the list by ethnicity and the total numbers of homeless.
Three types of homeless assistance in the US such as temporary housing, permanent housing, and common form of assistance. Homeless care programs do not provide adequate funding to fulfill the needs of all those who encounter homelessness.
After analyzing the root causes of homelessness, the Federal Government has funded a substantial expansion of permanent, affordable housing, and rapid rehousing. While these policies may increase the demand for homes and minimize the homelessness in short-run but it is unsure for the long-run and the effective way to reduce homeless populations. Research suggests that previous Federal policy is not capable of explaining a substantial portion of the reported decline in homelessness between 2007 and 2018.
The Trump Administration is examining the root causes of homelessness to fix the problem. President Trump has signed an executive order seeking to remove regulatory barriers in the housing market, which would reduce homelessness as a result of an external shift in-home supply. Individual risk factors are also addressed which shift the demand for homes inward. HUD has strengthened Federal Homeless Assistance services by providing neighborhoods with opportunities to meet the standards for service participation and more actively promoting self-sufficiency. These changes can reduce homelessness more in the long run.
References
https://yaleglobal.yale.edu/content/cities-grow-so-do-numbers-homeless
https://www.whitehouse.gov/wp-content/uploads/2019/09/The-State-of-Homelessness-in-America.pdf
