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Industry Landscape
The homelessness services industry in the US is critical, facing increasing demand due to economic instability and housing shortages. Non-profits rely heavily on donations and government funding. The sector is adapting by leveraging digital platforms and forming strong community partnerships to provide comprehensive support, from immediate shelter to long-term self-sufficiency programs, but faces challenges with funding competition and rising rates of homelessness.
Total Assets Under Management (AUM)
Number of Homeless Individuals in United States
~653,100
(12.0% CAGR)
- Increase driven by economic factors and housing crisis.
- Significant rise in unsheltered homelessness.
- Impact of pandemic-era aid programs ending.
Total Addressable Market
3.5 billion USD
Market Growth Stage
Pace of Market Growth
Emerging Technologies
AI-Powered Case Management
Utilizing artificial intelligence to streamline client intake, automate resource matching, and predict housing instability risks, enabling more efficient and personalized support for families.
Blockchain for Transparent Donations
Implementing blockchain technology to enhance transparency in financial transactions, allowing donors to track their contributions' direct impact and ensuring accountability in fund allocation.
Virtual Reality for Life Skills Training
Employing VR to simulate real-world scenarios for life skills education, such as job interviews or financial literacy, providing safe and immersive learning experiences for beneficiaries.
Impactful Policy Frameworks
Continuum of Care (CoC) Program Regulations (Ongoing)
The CoC program, administered by HUD, provides funding for programs that address homelessness. Regulations include requirements for coordinated entry systems and data collection via HMIS.
Bethany House Services must adhere to CoC regulations to receive vital federal funding and participate in the regional homelessness response system.
Family First Prevention Services Act (FFPSA) of 2018
This federal law allows states to use federal funds for prevention services to keep children safely with their families, rather than entering foster care, including mental health, substance abuse, and in-home parenting skills programs.
FFPSA encourages Bethany House Services to expand its focus on preventative services and family-strengthening programs to avoid family homelessness.
American Rescue Plan Act (ARPA) of 2021 - Homelessness Assistance
ARPA allocated significant funding through programs like the HOME Investment Partnerships Program (HOME-ARP) to provide housing, services, and shelter to people experiencing or at risk of homelessness, and to address the impacts of COVID-19.
ARPA provided Bethany House Services with opportunities for increased funding and resources to expand housing and support services for homeless families.
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