Los Angeles City Council pictured on April 1, 2022, as officials announce the settlemet of a Los Angeles homelessness lawsuit with the L.A. Alliance for Human Rights. Photo credit Jon Baird, KNX 97.1 LOS ANGELES (KNX) — Over the next five years the city of Los Angeles will invest $3 billion into providing up to 16,000 beds or housing units for the homeless community of L.A., City Council officials said Friday.