I used to live in a town that did something very similar to this. It sorta worked but mostly did not. But as another commenter pointed out you need more than just homes. Obviously they help a ton but a lot of people need more help than just a roof over their head. Financially, medically, mentally, employment… It’s a bigger, more complicated problem.

But it goes without saying that this is a step in the right direction and absolutely better than collectively shrugging our shoulders and walking away.