Home for Good, a public-private funders collaborative, has announced more than $105 million in grants to thirty Los Angeles-area nonprofits working to reduce chronic homelessness and provide permanent supportive housing.

Thanks to $88 million over fifteen years in rental subsidies, $8.6 million for the construction of new units, and $28.4 million for counseling, health, mental health, and substance abuse services, the funding will help about a thousand chronically homeless people obtain and stay in permanent housing. Grants include $225,000 to the Skid Row Housing Trust, $200,000 to the Lamp Community, and $135,000 to the Downtown Women's Center.

The funds include $5 million in contributions from private donors such as the Annenberg, Conrad N. Hilton, and Weingart foundations, the California Endowment, the United Way of Greater Los Angeles, and Goldman Sachs. City and county agencies contributed the remaining $100 million, including $55 million in new funds for programs targeting the chronically homeless.

An initiative of the United Way and the Los Angeles Area Chamber of Commerce that was seeded by a grant from the Hilton Foundation, Home for Good comprises twenty-four public agencies and private funders and aims to end chronic and veteran homelessness in the Los Angeles region within five years. A county study found that for every chronically homeless person placed in permanent supportive housing, public and private agencies realized savings of $4,774 over two years.

"Foundations and businesses provided new funds, those funds were leveraged with new and existing public resources, and the combined resources are carefully focused on the greatest need — moving chronically homeless people from streets to homes," said Jerry Neuman, co-chair of the Home For Good Task Force. "And the process will generate significant savings for our systems."