Homeless service providers face huge debt, threatening to undermine their work

Nonprofits in Los Angeles face financial challenges due to delayed government reimbursements for services provided to combat homelessness. This delay forces them into debt, as they must secure private funding to cover costs and interest. A new model of advancing funds could alleviate some financial strain, but concerns remain about its sufficiency. As the 2028 Olympics approach, there is increased pressure to address homelessness, but unresolved payment delays could exacerbate the debt crisis.

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