Toronto faces a growing homelessness crisis, with hundreds bracing for winter without proper housing. A recent analysis explores the financial implications of providing permanent housing for the city’s outdoor population, estimated at 1,615 people. The upfront capital costs are estimated at $444 million, based on a cost of $275,000 per unit, similar to the Dunn House supportive housing site. Ongoing costs could range from $7,300 to $48,000 per unit annually, depending on the level of support services. While the initial investment is significant, experts argue it’s a more effective long-term solution than temporary fixes. Portable subsidies offer immediacy but lack long-term security. The article highlights the need for a spectrum of housing options and increased government funding to address the root causes of homelessness in Toronto. For a deeper dive, read the original article on thestar.com.
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