According to John Hammer at the Rhino Times, the figure has been $22,000 per year per homeless person. However, he states if a proposal to use the old Regency Inn to house the homeless is consummated, the cost will be $228,000 per year per homeless person.
He suggests there are cheaper ways of helping this population. Indeed, there must be.
This is crazy town. Props to Hammer for doing the math.
Sometimes, Fred, if you subsidize something, you get more of it.