Newsweek claims "economic downturns are good for the homeless"
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http://www.newsweek.com/id/149007
Type of Content: Article Even as the foreclosure crisis pushes some low income families into shelters, chronic homeless rates are shrinking thanks in part to the foreclosed and vacant buildings social-service agencies can now afford to buy. In Denver, persistent homelessness is down 36 percent since 2005, as nonprofits have turned seized apartment buildings and run-down motels into 1,242 rooms, complete with access to addiction treatment and health care. A Wooster, Mass., nonprofit will soon close on five multifamily duplexes that will provide 20 to 30 units for the homeless, and Ventura County, Calif., is in talks with local banks to take over 100 homes for permanent use. "These are opportunities we haven't seen in decades," says Philip Mangano, the Bush administration's homelessness czar. Read »
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