Mayor and supervisors pledge funding for youth homelessness outreach; treasurer launches SaverLife savings campaign

City leaders and nonprofit partners used the committee day to announce a package of expanded services aimed at youth homelessness and to launch a public‑private savings program.

Supervisor Jeff Sheehy described urgent increases in youth homelessness and said the city will invest in expanded outreach, increased hours at the LGBT Community Center, more meal nights and rental subsidies. "We've got a million dollars in increased funding to support San Francisco's homeless youth," he said, calling for specialized outreach and rental subsidies to help nearly 100 young people secure housing.

Mayor Ed Lee and Larkin Street Youth Services pledged to coordinate outreach, rapid rehousing and employment supports. Sherilyn Adams (Larkin Street) said the agency will expand outreach and engagement and connect youth to jobs and services.

Separately Treasurer Jose Cisneros and EARN introduced SaverLife, a matched‑savings program that incentivizes low‑income residents to save: the first 1,000 signups will receive small cash matches for monthly savings deposits (e.g., save $20/month and receive $10 matches during an initial period). The Treasurer framed SaverLife as a complement to Bank On and the city's financial empowerment programs to help households build small emergency reserves.

The announcements combined immediate homelessness service commitments with a longer‑term financial stability campaign aimed at preventing economic shocks that can lead to housing instability.