SF spends ~$100k per homeless person.
You need to go many levels deeper on statistics to understand if it’s working or not.
I've heard this a lot but I don't have any reason to believe it's true. Never seen a reputable study that asserts it. I've known a lot of homeless people but none that relocated for this reason. Most who moved were looking for work or trying to get closer to family. Most didn't move at all and were just where they had always been, or in the city they were living in when they became homeless.
Most of that is not direct cash transfers but they absolutely receive more in services than in other places, that is why they attract homeless from all over the country.