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Industry Landscape
The homeless services industry is facing increasing challenges due to rising housing costs, economic instability, and the ongoing impacts of the COVID-19 pandemic [National Alliance to End Homelessness]. Non-profit organizations are working to provide emergency shelter, transitional housing, and supportive services to families and individuals experiencing homelessness [HUD]. Collaboration between government agencies, non-profits, and community stakeholders is crucial to address the root causes of homelessness and promote long-term housing stability and self-sufficiency.
Total Assets Under Management (AUM)
Number of Homeless People in United States
~653,104
(2.2% CAGR)
The homeless population increased by 2.2% in 2023 [HUD]. * Increase in unsheltered homelessness. * Lack of affordable housing. * Economic challenges for vulnerable populations [HUD].
Total Addressable Market
20 billion USD
Market Growth Stage
Pace of Market Growth
Emerging Technologies
AI-Powered Case Management
AI-powered case management systems can automate administrative tasks, analyze client data to identify needs, and personalize interventions, improving efficiency and outcomes for families experiencing homelessness.
Telehealth Services
Telehealth services can expand access to mental health support, medical consultations, and other crucial services for homeless families, particularly in areas with limited resources or transportation barriers.
Blockchain for Transparency
Blockchain technology can create secure and transparent platforms for tracking donations, managing housing inventory, and verifying client eligibility for services, enhancing accountability and reducing fraud in homeless services.
Impactful Policy Frameworks
HUD's Continuum of Care (CoC) Program
The Continuum of Care (CoC) program (HUD) provides funding to non-profit organizations, state and local governments to quickly rehouse homeless individuals and families while minimizing the trauma and dislocation caused by homelessness. The program emphasizes housing solutions, including rapid rehousing, permanent supportive housing, and transitional housing.
Increased funding for HUD programs directly supports organizations like Bethany House Services, enabling them to expand their services and provide more housing assistance to families.
Low-Income Housing Tax Credit (LIHTC)
The Low-Income Housing Tax Credit (LIHTC) is a federal tax credit, enacted in 1986 (HUD), that incentivizes private developers and investors to create affordable rental housing for low-income households. The tax credits are typically claimed over a 10-year period and help to reduce the cost of development, making projects financially feasible.
The increased LIHTC allocation encourages developers to create more affordable housing units, which Bethany House Services can utilize to house families and support them.
Emergency Solutions Grants (ESG) Program
The Emergency Solutions Grants (ESG) program (HUD) provides funding to states, cities, and counties to address the immediate needs of homeless individuals and families. ESG funds can be used for emergency shelter, street outreach, homelessness prevention, and rapid rehousing assistance.
Increased funding opportunities enable Bethany House Services to apply for grants and expand its capacity to provide emergency shelter and supportive services to homeless families.
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