A San Francisco-based nonprofit has pledged to raise $100 million to reduce chronic homelessness in the city, widely known for its sidewalk tent encampments amid multimillion-dollar homes.
Tipping Point Community said the money will come from private donations and go toward affordable housing and homeless services provided by other nonprofit groups as well as government.
The office of Mayor Ed Lee says it's the largest private commitment ever made in the city to combat homelessness.
"There is no silver bullet to confronting homelessness. We need new ideas to address this issue and must tackle it from all angles," Lee said in a statement. "We’re going to ... work hard on the fact that we have private sector participation. That makes everybody lift their game up."