$40 million dollars for a hotel room?

Remember Portland’s 10-year plan to end homelessness by 2015? The plan fizzled out, along with hundreds of millions of dollars in investment. Roughly $70 million flowed into affordable housing production, homelessness prevention, and support services each year. Despite all these efforts and all that spending, the number of homeless continues to rise in the Portland area. Portland’s homeless service response during the pandemic reveals how quickly taxpayer money can evaporate with no effect. In June 2020, the Joint Office of Homeless Services began providing motel vouchers totaling more than 400 bedrooms across eight buildings by late 2020. The monthly bill to run these programs is over $2.2 million per month. That’s roughly $1,900 in rent per bed plus $1.4 million in services every month. But use of these services is largely voluntary, so after funding runs out, the underlying issues which may have caused residents to need such services could easily drag them into the streets again. Listen to Vlad Yurlov discuss the failures of Portland's current homeless policies and what the future could entail.