There is the 138 million that Mayor Eric Garcetti dedicated for the 1 July 2016 budget. Much of the monies for this will be coming from the lease/sale of surplus property such as the Venice median and the Thatcher Yard.
Beyond this year, the local government agencies have estimated that a two-billion budget is a necessity for the next 10 years to build housing. Services necessary to sustain and help the homeless is not part of the two-billion.
Mark Ryavec, Jack Humphreville, and Jay Handel have had an opinion piece published in the LA Times. Its title is “The wrong way to fix homelessness in LA.”