Los Angeles County Supervisor Hilda L. Solis released the following statement after the Board of Supervisors approved her motion to support State Sen. Maria Elena Durazo’s SB 1333, which would create the California Homeless Hiring Tax Credit (HHTC) and would incentivize employers to hire individuals experiencing homelessness:
“Expanding employment opportunities for individuals experiencing homelessness will allow them to break free from the cycle of poverty and get back on their feet. Stable employment and housing go hand in hand; both improve an individual’s physical and mental well-being. Encouraging employers to offer dignified work to individuals who lack shelter strengthens LA County’s overall economy.
“In addition, this tax credit will put individuals who lack stable housing on career pathways, and it will elevate the role businesses play in addressing our region’s homelessness crisis.
“Under the HHTC, a qualified employer could claim a tax credit between $2,500 and $10,000 for each qualified individual experiencing homelessness hired for work, with a cap of $30,000 in tax credits annually. This bill is a win-win for all involved. I thank State Sen. Maria Elena Durazo for introducing SB 1333. LA County supports initiatives that will provide every individual, regardless of their housing status, an opportunity to make a living wage.”