A quarter of a percent still seems like a lot to me, even if it's not a "crisis."
But we can't do anything about it until we face up to the problem. Spending more money won't help. I'm somewhat familiar with the activity at our local jail, and a good part of it is homeless people rotating in and out. They get brought in because they were trespassing or shoplifting or something, the jail cleans them up and dries them out (they're usually on drugs, which they somehow manage to buy) and tries to get them back on their medications, they get released, and the cycle begins again. Most of them are mentally unstable, and perhaps they'd be somewhat functional if they could stay on their medication, but they don't, so they can't function in society for long.
We don't want to put them back in asylums, because some asylums really were hellholes, and I guess we don't trust ourselves not to let them be hellholes again. That seems awfully pessimistic; factories used to be pretty awful too, but we require them to be safe and clean now. Seems like we could do the same with asylums, but we won't even consider it. So we're left with letting them wander the streets, maybe bedding down at homeless shelters when they feel like it, using the jails as temporary asylums when they get in trouble, and throwing more money at the problem once in a while to soothe our guilt. It's sad.
Different US states have implemented useful measures for helping homeless people, but states which are struggling with their implementation have other issues as well. Border states in particular have illegal immigrants to contend with as well, so a housing-first policy for homelessness gets taken off the table right away. California has the means and resources for dealing with its homelessness problem, but the political will is murky.