SB 606: Homeless Housing, Assistance, and Prevention program: reporting requirements: functional zero unsheltered.

This bill enacts the functional zero act, which aims to address homelessness in jurisdictions by setting a milestone of functional zero, meaning a community has measurably solved homelessness. To achieve functional zero, applicants must assess their efforts to provide housing options for their unsheltered population, including analyzing the number of housing units needed and implementing local incentives. Additionally, the bill requires applicants to include a financial model assessing funding needs and efforts to include small cities in their regionally coordinated homeless action plan. This bill also establishes a new definition of functional zero unsheltered, which is a necessary milestone in achieving functional zero, indicating sufficient housing options for a jurisdiction's unsheltered, chronically homeless population.