The Economic Roundtable just came out with the largest study on homelessness in American history.
And it turns out the best way to combat homelessness is to provide homes.
The study’s focus was on Santa Clara County, California, home to the extreme wealth of Silicon Valley and the highest percentage of homelessness in the entire US.
Renters across America’s biggest cities are finding it more expensive to keep a roof over their heads.
From 2006 to 2013, the population of renters grew in all 11 of the largest U.S. cities, and the median rent grew faster than inflation in almost all of them, according to a new study by the NYU Furman Center and Capital One (see chart at bottom).
New York City Mayor Bill de Blasio on Wednesday urged Gov. Andrew Cuomo and state lawmakers to strengthen his city’s rent regulations and modify a real estate tax break to require more affordable housing, saying there is no excuse for inaction on issues affecting millions of city residents.
Mr. de Blasio traveled to the capital city Wednesday to press his case personally, meeting with Gov. Andrew Cuomo and top lawmakers at a critical time for his legislative agenda. He discounted predictions that the recent arrests of both legislative leaders have paralyzed state government, saying the final weeks of the legislative session offer “a chance for Albany to turn the page” on its recent scandals.