Spurred on by the rising cost of living and the end of pandemic aid, U.S. homelessness this year reached a level not seen since the 2008 financial crisis, according to one influential annual metric released by the The Department of Housing and Urban Development (HUD) on Friday.
HUD’s annual homelessness count, which is called the “Point In Time,” or P.I.T., count, is not a count of all cases of homelessness throughout the year, but a snapshot of who was homeless on a single day in the last ten days of January.
This year, HUD said 653,100 people were experiencing homelessness, the highest number since HUD began issuing the report in 2007 and a 12 percent increase from 2022. Nearly one-third, or 143,105 people, of those experiencing homelessness reported that they were chronically homeless, also the highest number ever counted.
In a press release, HUD said that the increase in homelessness was a result of the expiration of pandemic-era expansions in the social safety net, like eviction moratoria and rental assistance.
“The rise in homelessness at the beginning of 2023 continued a pre-pandemic trend from 2016 to 2020, when homelessness also increased,” HUD said. The agency said the American Rescue Plan had prevented a rise in homelessness between 2020 and 2022, but many of its resources have now expired.
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