San Jose Mayor Matt Mahan touted a new model that purportedly would allow the city to address unsheltered homelessness for only 5% of previous cost estimates. Critics argue this claim misrepresents the financial reality, as the true cost to the city would be much lower than the $5 billion previously suggested. The mayor's approach focuses on specific capital costs while neglecting substantial ongoing operational expenses associated with interim housing, which over time could amount to billions more than proposed, potentially straining city resources.
The claim that the new model will enable San Jose to end unsheltered homelessness for only 5% of the cost is a gross distortion of reality.
By only counting the $254 million capital cost of building out emergency interim housing, Mayor Mahan overlooks the significant ongoing operating costs.
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