The results, so far: Participants who were sleeping on the streets at the start of the experiment — now with more money in their pockets — said they were feeling safer, experiencing better mental health, and enjoying access to more stable and welcoming living arrangements.

An entrepreneur, he made his money off Wooden Ships — a clothing company that specializes in sweaters for women — and an investment in Tesla that skyrocketed during the coronavirus pandemic.

Commentary on homelessness often focuses on mental health and addiction, perceived as the chief drivers of a spike in people sleeping on the streets in cities from Sacramento, California, to Jacksonville, Florida.

But the Pew Charitable Trust wrote in a recent analysis that research had "consistently found that homelessness in an area is driven by housing costs."

While cautioning that this was only an interim six-month follow-up for what is a yearlong program, the researchers nonetheless found stark and encouraging changes in participants' material conditions.

That material gains were seen among all groups suggests at least some of the improvements may be attributable to something other than cash, such as increased access to other services during the study period (the researchers don't speculate).

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