Crypto News: Homelessness providers are waiting on billions

Housing organizations around the US rely on the federal government to address homelessness. Congress appropriates billions of dollars each year to crisis hotlines for families, rapid rehousing for veterans and shelters for domestic violence victims — funds that for the most part go toward basic operating costs.

In January, the US Department of Housing and Urban Development announced $3.6 billion for homelessness service providers. But the organizations that distribute these funds are currently awaiting formal notice for HUD to begin the process of drawing up contracts — and for many, the clock is ticking.

Amid staffing cuts and canceled contracts associated with Elon Musk's Department of Government Efficiency, some groups fear they will face tough decisions. Kriston Capps and Sarah Holder report on the stakes of potential delays for shelter providers today on CityLab: Shelters Await Billions in Federal Money for Homelessness Providers

-Kriston Capps

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