Homeless in California -  Project RoomKey  or   How to Lose $100,000,000
Channel: Victor Jernigan
Date: 2020-05-30

Hello, I'm Victor Jernigan and this is Serious Information About Real Estate. Today I'm talking about how to lose one hundred million dollars with a really noble goal. California and LA County specifically have the goal to help the homeless with a program called #ProjectRoomKey where they're leasing hotel rooms for the homeless. And it is important to remember that a goal, no matter how noble, that is poorly planned and badly executed is still a failure. And that's what I'm going to talk about today. The failure of Project Roomkey. 

From 2013: WELCOME TO 'THE JUNGLE': The Largest Homeless Camp In Mainland USA Is Right In The Heart Of Silicon Valley https://www.businessinsider.com/the-jungle-largest-homeless-camp-in-us-2013-8

From 2014: How Silicon Valley Created the Largest Homeless Camp in America https://youtu.be/1rhSnonU3SU

From 2015: Santa Clara County Spends $520 Million a Year on Homeless https://www.kqed.org/forum/201505270900/santa-clara-county-spends-520-million-a-year-on-homeless

From 2019: - Exodus form the Jungle (the Jungle has been reoccupied multiple times after being cleared out in 2014) https://youtu.be/jazNJRXvaWI

Project Roomkey 2020:

Could LA's homeless soon be living at the Ritz-Carlton? https://abc7.com/hotel-ritz-carlton-homeless-project-roomkey/6150911/

Why couldn’t hotels built with taxpayer money house LA’s homeless? https://la.curbed.com/2020/5/12/21251847/homeless-hotels-project-roomkey-los-angeles 

County of Los Angeles - Project Roomkey: https://covid19.lacounty.gov/project-roomkey/

County of Los Angeles - LAHSA - Project Roomkey Interim Housing Policies and Procedures https://www.lahsa.org/documents?id=4464-project-roomkey-interim-housing-program-policies-and-procedures