Shaun Donovan: "It costs about $40,000 a year for a homeless person to be on the streets."

The Truth-o-Meter says: Mostly True | HUD secretary says a homeless person costs taxpayers $40,000 a year

The U.S. Department of Housing and Urban Development upped its cool quotient when Secretary Shaun Donovan appeared on The Daily Show with Jon Stewart. Donovan and Stewart exchanged small talk about growing up in New York City before turning to the topic of homelessness. "The thing we finally figured out is that it’s actually, not only better for people, but cheaper to solve homelessness than it is to put a band-aid on it," Donovan said in the March 5, 2012, appearance. "Because, at the end of the day, it costs, between shelters …

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