08/18/2012 02:16 pm ET Updated Oct 18, 2012

L.A. County To Invest $105 Million To Combat Chronic Homelessness

Los Angeles County officials and private donors are announcing Thursday an ambitious new approach to the way they deal with the county's chronically homeless.

Public officials and donors are expected to announce a plan to spend $105 million to move more than 1,000 of the county's most entrenched street dwellers into permanent housing. Many suffer from serious physical, mental or substance abuse problems and have lived on the streets for more than a year.