New Housing and Support Services Reduce Homelessness in Los Angeles
The People Concern's most recent Impact Report shows progress in tackling homelessness in Los Angeles County, with key takeaways for property managers.
Their work to expand housing and support services has helped reduce homelessness and improve communities within the Greater Los Angeles region.
What You Need to Know
The People Concern, a leading organization combating homelessness in Los Angeles, has made substantial strides in the past fiscal year:
- 711 new permanent supportive housing units were added across Los Angeles County.
- The 2024 Point in Time Count showed a reduction in the number of people experiencing homelessness for the first time in years.
- 92% of permanently housed clients never experience homelessness again.
- The organization launched a Contingency Management program to support high-acuity clients living with substance use disorders.
How It Impacts You
These developments have several implications for commercial real estate and property managers in the Greater Los Angeles region.
More permanent supportive housing and less homelessness could mean fewer unhoused individuals in commercial areas, improving safety and foot traffic.
The People Concern's work highlight a focus on local involvement in tackling homelessness, giving property managers more chances to partner with such groups.
With Measure A’s passage, real estate professionals should stay informed about potential policy shifts that may affect development and property management practices.
The Contingency Management program's success in aiding high-need clients may help create a more stable environment near commercial properties.
Stay Connected
To stay informed and engaged with these developments, stay connected with us on the BOMA on the Frontline.
By staying informed and engaged, commercial real estate professionals can better navigate the changing landscape of homelessness in the region.
