(AP) - A San Francisco-based nonprofit has pledged to raise $100 million to reduce chronic homelessness in the city by half over the next five years.
Tipping Point Community announced Monday it would raise the amount from private donations and give the money to nonprofit groups as well as the city and county of San Francisco to address homelessness.
The office of San Francisco Mayor Ed Lee says this is the largest private commitment ever made in the city to combat homelessness.
The nonprofit said in a press release that it has already raised $60 million. The money will go toward affordable housing and more treatment and services for people with mental health issues.
The mayor's office reports there are about 2,000 people in the city who are considered chronically homeless.