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The Welsh Government has committed an extra £10m to go towards its goal of ending youth homelessness in Wales by 2027.
The funding has been allocated for 2019/20, in addition to £20m announced in the draft budget in October.
It is intended to help young people faced with homelessness access stable accommodation.
First minister Carwyn Jones said: “In Wales, we have some of the most progressive homelessness and social services legislation in the world, which has prevented 11,514 households from becoming homeless between its introduction in April 2015 and the end of June 2017.
“And yet I continue to hear of young people becoming homeless after leaving care, young people dropping out of education, young people in custody and young people with nowhere else to stay but a bed and breakfast. This is not good enough.
“Wales must lead the way on tackling homelessness. I want us to be bold – to take new approaches, focus on interventions that make a real difference and work with partners to help young people avoid crisis situations and support them into stable accommodation.”
Ministers in Wales introduced a pioneering homelessness prevention programme in 2015 which placed extra duties on councils to help vulnerable people, similar to rules expected to come into force in England in April 2018 under the Homelessness Reduction Act.
But despite councils helping higher numbers of people stay in stable accommodation since the legislation came into force, homelessness soared 57% in Wales last year.