California Holds Billions in Unclaimed Funds as Housing Crisis Deepens

Homes 4 the Homeless Calls for Voluntary Reinvestment into Housing Solutions

Fulton, CA — California is currently holding more than $14 billion in unclaimed property, much of it belonging to public agencies, nonprofits, and corporations, according to publicly available state records. As housing insecurity reaches historic levels, advocates are asking a simple question: What if recovered funds could help house people now?

Homes 4 the Homeless, a nonprofit dedicated to innovative housing solutions, announced today the launch of an Unclaimed Funds Impact Initiative, aimed at raising awareness and encouraging voluntary reinvestment of recovered funds into housing programs.

Executive Committee member Ginny Scales Medeiros, who has been researching unclaimed public funds across California, noted that some cities and organizations may be entitled to hundreds of thousands, and in some cases millions, of dollars that remain unclaimed.

“These are not new taxes, grants, or appropriations,” said Medeiros. “These are existing funds that already belong to organizations. In a time of crisis, recovering them responsibly and choosing to reinvest a portion into housing can create immediate impact.”

Homes 4 the Homeless is not claiming funds on behalf of any entity and does not receive compensation related to the recovery process. Instead, the organization is offering education, awareness, and a voluntary pathway for entities that successfully recover funds to direct a portion toward housing initiatives serving individuals and families experiencing homelessness.

“Every recovered dollar is an opportunity,” said Steve Schneider, CEO of Homes 4 the Homeless. “When organizations choose to turn found funds into housing, the impact is immediate, measurable, and deeply meaningful.”

The organization plans to engage municipalities, corporations, and nonprofits statewide to explore how recovered funds can be transformed into shelter, transitional housing, and long-term solutions.

For more information, visit www.homes4thehomeless.org.

Media Contact: Homes 4 the Homeless
info@homes4thehomeless.org

Alex Campbell

Community Development / Corporate Secretary

+1 707-243-8022

Homes 4 the Homeless

P.O. Box 458

Fulton, CA 95439

www.homes4thehomeless.org