HUD's 2025 Annual Homelessness Assessment Report reveals a mixed picture: a 3% year-over-year decline in homelessness, but a 27% increase since 2013. Key findings include: - 745,652 homeless individuals on a single night in January 2025 - 266,320 living unsheltered - Chronic homelessness up 81% since 2013 - Taxpayer-funded shelter beds increased 151% and CoC spending rose 111% Secretary Scott Turner declared the 'Housing First' approach a failure and announced a shift toward recovery and self-sufficiency programs.