A regional homeless initiative will invest $48 million over three years in a strategic philanthropic fund for a new program that will address homeless needs.
What this means: City leaders and partners will use investment from local organizations and philanthropies to launch Pathways to Independence, or P2I.
P2I will expand current homelessness initiatives by providing funding to end instances of new homelessness within 90 days.
As of early October, P2I has raised $34 million of its $48 million goal.
Zooming in: P2I will focus on several strategies that include expanding the region’s response, building on city investments like 419 Emancipation and advancing Harris County’s leadership.
The fund has no restrictions as long as it meets P2I’s plans and strategies. Part of its plan includes working closely with 419 Emancipation, which is currently at full capacity. However, there are no plans to find additional shelter spaces with the money.
One more thing: The funding is expected to be spent over three years to find more long-term, sustainable funding.