Latest news with #ofCare
Yahoo
7 hours ago
- Business
- Yahoo
The GEO Group Provides Update on Recent Court Settlement Allowing for Immediate Full Intake at Company-Owned 1,940-Bed Adelanto ICE Processing Center in California
BOCA RATON, Fla., June 10, 2025--(BUSINESS WIRE)--The GEO Group, Inc. (NYSE: GEO) ("GEO" or the "Company") announced today that the U.S. District Court, Central District of California (the "Court") has approved a settlement in the case of Roman v. Wolf, which allows for immediate full intake at the GEO-owned, 1,940-bed Adelanto ICE Processing Center in California (the "Adelanto Center"). The Court had previously issued several injunction orders, including an intake prohibition order issued more than four years ago, limiting the use of the Adelanto Center based on then-prevailing COVID-19 conditions. At full occupancy, the Adelanto Center contract would be expected to generate up to approximately $31 million in additional incremental annualized revenues for GEO, with margins consistent with GEO's company-owned Secure Services facilities. ICE and GEO entered into a 15-year contract on December 19, 2019, for the provision of secure residential housing and support services at the Adelanto Center, consisting of a five-year base period followed by two five-year option periods. The current contract option period is effective through December 19, 2029. George C. Zoley, Executive Chairman of GEO, said, "We believe the Adelanto Center plays an important role in helping ICE and the U.S. Department of Homeland Security fulfill their mission and operational priorities. We are proud of our approximately 350 employees at the Adelanto Center, whose dedication and professionalism have allowed GEO to establish a long-standing record of providing high-quality support services on behalf of ICE in the state of California." About The GEO Group The GEO Group, Inc. (NYSE: GEO) is a leading diversified government service provider, specializing in design, financing, development, and support services for secure facilities, processing centers, and community reentry centers in the United States, Australia, South Africa, and the United Kingdom. GEO's diversified services include enhanced in-custody rehabilitation and post-release support through the award-winning GEO Continuum of Care®, secure transportation, electronic monitoring, community-based programs, and correctional health and mental health care. GEO's worldwide operations include the ownership and/or delivery of support services for 98 facilities totaling approximately 77,000 beds, including idle facilities and projects under development, with a workforce of up to approximately 18,000 employees. Use of forward-looking statements This news release may contain "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the U.S. Private Securities Litigation Reform Act of 1995. Readers are cautioned not to place undue reliance on these forward-looking statements and any such forward-looking statements are qualified in their entirety by reference to the cautionary statements and risk factors contained in GEO's filings with the U.S. Securities and Exchange Commission including its Form 10-K, 10-Q and 8-K reports. All forward-looking statements speak only as of the date of this news release and are based on current expectations and involve a number of assumptions, risks and uncertainties that could cause the actual results to differ materially from such forward-looking statements. Readers are strongly encouraged to read the full cautionary statements and risk factors contained in GEO's filings with the U.S. Securities and Exchange Commission, including those referenced above. GEO disclaims any obligation to update or revise any forward-looking statements, except as required by law. View source version on Contacts Pablo E. PaezExecutive Vice President, Corporate Relations(866) 301 4436 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
7 hours ago
- Business
- Business Wire
The GEO Group Provides Update on Recent Court Settlement Allowing for Immediate Full Intake at Company-Owned
BOCA RATON, Fla.--(BUSINESS WIRE)-- The GEO Group, Inc. (NYSE: GEO) ('GEO' or the 'Company') announced today that the U.S. District Court, Central District of California (the 'Court') has approved a settlement in the case of Roman v. Wolf, which allows for immediate full intake at the GEO-owned, 1,940-bed Adelanto ICE Processing Center in California (the 'Adelanto Center'). The Court had previously issued several injunction orders, including an intake prohibition order issued more than four years ago, limiting the use of the Adelanto Center based on then-prevailing COVID-19 conditions. At full occupancy, the Adelanto Center contract would be expected to generate up to approximately $31 million in additional incremental annualized revenues for GEO, with margins consistent with GEO's company-owned Secure Services facilities. ICE and GEO entered into a 15-year contract on December 19, 2019, for the provision of secure residential housing and support services at the Adelanto Center, consisting of a five-year base period followed by two five-year option periods. The current contract option period is effective through December 19, 2029. George C. Zoley, Executive Chairman of GEO, said, 'We believe the Adelanto Center plays an important role in helping ICE and the U.S. Department of Homeland Security fulfill their mission and operational priorities. We are proud of our approximately 350 employees at the Adelanto Center, whose dedication and professionalism have allowed GEO to establish a long-standing record of providing high-quality support services on behalf of ICE in the state of California.' About The GEO Group The GEO Group, Inc. (NYSE: GEO) is a leading diversified government service provider, specializing in design, financing, development, and support services for secure facilities, processing centers, and community reentry centers in the United States, Australia, South Africa, and the United Kingdom. GEO's diversified services include enhanced in-custody rehabilitation and post-release support through the award-winning GEO Continuum of Care®, secure transportation, electronic monitoring, community-based programs, and correctional health and mental health care. GEO's worldwide operations include the ownership and/or delivery of support services for 98 facilities totaling approximately 77,000 beds, including idle facilities and projects under development, with a workforce of up to approximately 18,000 employees. Use of forward-looking statements This news release may contain 'forward-looking statements' within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the U.S. Private Securities Litigation Reform Act of 1995. Readers are cautioned not to place undue reliance on these forward-looking statements and any such forward-looking statements are qualified in their entirety by reference to the cautionary statements and risk factors contained in GEO's filings with the U.S. Securities and Exchange Commission including its Form 10-K, 10-Q and 8-K reports. All forward-looking statements speak only as of the date of this news release and are based on current expectations and involve a number of assumptions, risks and uncertainties that could cause the actual results to differ materially from such forward-looking statements. Readers are strongly encouraged to read the full cautionary statements and risk factors contained in GEO's filings with the U.S. Securities and Exchange Commission, including those referenced above. GEO disclaims any obligation to update or revise any forward-looking statements, except as required by law.
Yahoo
5 days ago
- Business
- Yahoo
The GEO Group Announces It Has Entered Into a Purchase Agreement to Sell Company-Owned Lawton Correctional Facility in Oklahoma for $312 Million
BOCA RATON, Fla., June 05, 2025--(BUSINESS WIRE)--The GEO Group, Inc. (NYSE: GEO) ("GEO" or the "Company") announced today that it has entered into a purchase agreement with the Oklahoma Department of Corrections for the sale of the GEO-owned Lawton Correctional Facility (the "Facility") located in Lawton, Oklahoma for $312 million. The sale of the Facility is expected to close on July 25, 2025, subject to the satisfaction of customary closing conditions, and GEO expects to transition Facility operations to the Oklahoma Department of Corrections simultaneously on July 25, 2025. GEO expects to use the net proceeds from the sale of the Facility to pay down debt and for general corporate purposes. George C. Zoley, Executive Chairman of GEO, said, "The sale of our Company-owned Lawton Correctional Facility is expected to be a significant deleveraging event for our Company. We believe that this important transaction is representative of the intrinsic value of our Company-owned facilities, which total more than 52,000 beds. Our Management Team and Board of Directors remain focused on the disciplined allocation of capital to enhance long-term value for our shareholders." About The GEO GroupThe GEO Group, Inc. (NYSE: GEO) is a leading diversified government service provider, specializing in design, financing, development, and support services for secure facilities, processing centers, and community reentry centers in the United States, Australia, South Africa, and the United Kingdom. GEO's diversified services include enhanced in-custody rehabilitation and post-release support through the award-winning GEO Continuum of Care®, secure transportation, electronic monitoring, community-based programs, and correctional health and mental health care. GEO's worldwide operations include the ownership and/or delivery of support services for 98 facilities totaling approximately 77,000 beds, including idle facilities and projects under development, with a workforce of up to approximately 18,000 employees. Use of forward-looking statementsThis news release may contain "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the U.S. Private Securities Litigation Reform Act of 1995. Readers are cautioned not to place undue reliance on these forward-looking statements and any such forward-looking statements are qualified in their entirety by reference to the cautionary statements and risk factors contained in GEO's filings with the U.S. Securities and Exchange Commission including its Form 10-K, 10-Q and 8-K reports. All forward-looking statements speak only as of the date of this news release and are based on current expectations and involve a number of assumptions, risks and uncertainties that could cause the actual results to differ materially from such forward-looking statements. Readers are strongly encouraged to read the full cautionary statements and risk factors contained in GEO's filings with the U.S. Securities and Exchange Commission, including those referenced above. GEO disclaims any obligation to update or revise any forward-looking statements, except as required by law. View source version on Contacts Pablo E. Paez, (866) 301 4436Executive Vice President, Corporate Relations Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
23-05-2025
- Politics
- Yahoo
Housing advocates warn public encampment ban carries risks for Louisiana
A relocation notice is posted in front of a makeshift shelter at the Earhart Boulevard homeless encampment Jan. 13, 2025. Those living near the corridor were take to a state-operated transitional center in Gentilly. (John Gray/Verite News) A bill requiring local governments to enforce a ban on sleeping on public property passed through a Louisiana legislative committee Wednesday within the hearing's final minutes, though housing advocates and groups that serve the homeless say it remains problematic in its current form. The proposal, House Bill 619 by Rep. Alonzo Knox, D-New Orleans, would direct local governments to enforce a ban on 'public camping' or face possible lawsuits. Local governments could instead designate government-sanctioned encampments – much like the recent state-operated 'Transition Center' in New Orleans – in areas where they wouldn't 'materially affect the property value' of homes or businesses. Any resident or business within 1,000 feet of an illegal public camp, as well as a local district attorney, would be able to sue local governments if they failed to enforce the ban. Knox's bill also requires homeless service providers who receive state funds to provide detailed documentation of their work to municipalities upon request or else lose their funding. Unity of Greater New Orleans, the leading nonprofit serving the city's homeless population, has drawn scrutiny from Knox and others for not providing more specific data on how it spends federal dollars. SUBSCRIBE: GET THE MORNING HEADLINES DELIVERED TO YOUR INBOX Knox has repeatedly accused housing nonprofits of waste and decried the 'homeless industrial complex.' He pushed for the legislative audit of New Orleans' Continuum of Care providers earlier this year. It found that the city and Unity spent $216 million between 2019-24, with the majority of funds going toward permanent supportive housing. The audit also found that shelters need better oversight to ensure they're meeting minimum health and safety standards. When Knox's measure was brought up Wednesday in the House Committee on Health and Welfare, it was after hearings on two other bills spanned more than three hours. Chairman Rep. Dustin Miller, D-Opelousas, noted that 11 people wanted to speak against Knox's bill but wouldn't have time because the House had already convened on the floor. Committee members were given the option to defer Knox's bill until next week but chose instead to continue the meeting. With limited time, Miller limited the opposition to just three speakers. Two attendees who've experienced homelessness were among those who didn't have the chance to speak. Knox agreed to amendments suggested by Rep Chris Turner, R-Ruston, which included changes in how the bill defines dwelling structures and extended the timeline for encampment clearing notices. Committee members suggested that the amendments should remove opposition to the bill. But opponents said the amendments did not allay their concerns, and in some cases even increased the risk of harm. The state-sanctioned encampments proposed in Knox's bill parallel Gov. Jeff Landry's recent transition center in New Orleans, set up at a warehouse in a remote industrial section of the city. Unsheltered people were taken there from encampments downtown just before the Super Bowl. Knox toured and praised the site while it was open, but his bill has sparked questions about how money for housing can be spent most efficiently. Landry's transition center, which cost about $17 million, ultimately placed 108 people in permanent supportive housing. Since 2023, Unity of Greater New Orleans has spent $2.3 million to permanently house 275 people, according to the audit. The state spent about $100,000 per person on the warehouse site over 10 weeks, compared to the $20,000 per year it costs to provide housing and support services per person, said Angela Owczarek with the Jane Place Neighborhood Sustainability Initiative, a housing rights advocacy. A pandemic-era emergency rental assistance program, which ended last year, cost about $3,000 per New Orleans household to prevent homelessness for those facing eviction, Owczarek said. Elsa Dimitradis, executive director of Acadiana Regional Coalition on Homelessness and Housing, testified that she had 'serious concerns' about Knox's bill, particularly the mandate about sharing client information with local governments. She warned the potential violations of privacy and disability laws could jeopardize $93 million in federal funding for housing nonprofits across the state. Unity of Greater New Orleans is already suing the state for trying to compel the organization to produce protected information about its clients, such as medical histories and Social Security numbers. Dimitradis also testified that the bill as written 'appears to allow for open-ended demands at any time without clear standards or limitations,' which is 'an operational threat.' Hannah Adams of the National Housing Law Project argued the bill should provide exceptions to the ban if local governments are actively working to rehouse people. 'Clearing an encampment when social workers are actively working to rehouse individuals does interfere with their ability to maintain contact and secure long-term housing for their clients,' Adams told the committee. The audit, likewise, noted that unexpected NOPD sweeps and state pressure to clear encampments contributed to delays in the city's rehousing efforts. Monique Blossom, director of policy at Louisiana Fair Housing Action Center, also warned that by directing state officials to inspect group homes, the bill risks violating the federal Fair Housing Act, opening the state to liability. The bill could lead to the shuttering of some group homes, including domestic violence shelters, sober living homes and even homes for seriously ill children who need to stay near hospitals, she said Donna Paramore, executive director of the Travelers Aid Society of Greater New Orleans, told Illuminator the group is in 'strong opposition' to the bill despite the amendments. 'The framework it proposes still undermines essential safeguards for vulnerable populations,' Paramore said. The issues outlined by Dimitradis 'could jeopardize federal funding' and 'create serious legal and ethical conflicts,' she added. Paramore also noted her nonprofit undergoes an independent financial audit each year and has never had an adverse finding. She said that instead of banning public encampments, the state should expand supportive housing, behavioral health services and trauma-informed care. Knox dismissed objections at the close of the hearing, calling some 'technical and nitpicking.' He rejected Adams' request for leniency when social workers are actively working on rehousing someone. 'If that language were to be included, they will always be 'actively working,'' Knox said. The representative's office did not respond to a request for comment after hearing. Knox's bill was advanced to the House floor without objection.
Yahoo
18-03-2025
- Politics
- Yahoo
A victim of potential housing department cuts: domestic violence survivors who need homes
One provider of permanent housing is concerned that a crucial funding program for domestic violence survivors might be next on the federal cost-cutting hit list. The Department of Housing and Urban Development, under Trump-appointed Secretary Scott Turner, has launched its own task force to assess spending. The Department of Housing and Urban Development announced a cost-cutting task force a month ago and said it found more than $260 million in savings, while Elon Musk's Department of Government Efficiency claimed it recovered $1.9 billion of 'HUD money' that had been misplaced during the prior administration. Warnings about more cuts for HUD have been circulating, whether it be its budget or staff; the Washington Post reported the department's workforce is expected to be slashed in half, according to an internal memo it obtained. So it's a waiting game for one nonprofit that provides permanent housing for domestic violence survivors and depends on HUD money. 'If we lose this funding, it will get people killed,' New Destiny Chief Executive Nicole Branca told Fortune. Domestic violence survivors and their children often need housing assistance to escape their abusers, especially in places such as New York City, where her nonprofit is located, and where rent is 62% higher than the national average. The Department of Housing and Urban Development and DOGE did not respond to Fortune's request for comment. New Destiny finds apartments for survivors throughout the city and pays those landlords via funding that comes from HUD's Continuum of Care program. The nonprofit receives about $3.5 million in HUD Continuum of Care grants for that, a third of its budget. This year, New Destiny has helped about 300 households through this funding, all survivors of domestic violence, who are mostly women. Some years it's as much as 400 survivors and their families. HUD Secretary Scott Turner recently said that funds from Continuum of Care were not being used as intended—to end homelessness—but 'as a tool by the left to push a woke agenda,' which makes Branca nervous about what will happen to the program. 'We're very concerned because if we lost funding we would have to immediately stop paying rent,' she said. 'In a city where rent is as high as it is and the vacancy rate for new apartments is as low as it is, we absolutely without any exaggeration would see a huge percentage of our families go almost immediately either back into shelter or back to their abuser.' If HUD's headcount is slashed, there won't be anyone to reimburse New Destiny, and it would slow everything down because they don't have enough cash on hand, Branca said. NPR reported HUD's Office of Community Planning and Development, which administers the Continuum of Care funding, is expected to lose 84% of its staff, according to a document it reviewed. Once you lose trust with landlords because you miss a rent payment, they won't rent to you again, Branca said—and it is already difficult to get landlords to accept tenants on rental assistance, though they're required to by law. Even a suspicion that the money might be going away could push landlords to pull back. Not to mention, it's more expensive to house survivors in shelters, where many would be without permanent housing. It costs about $11,000 a year to put a survivor in permanent housing versus $100,000 a year in shelters, according to New Destiny. That's because of New York City's right to shelter, which allows anyone who shows up asking for a place to sleep to get a bed somewhere, even if it's an expensive hotel in midtown, New Destiny explained. But the shelter system comes with more bureaucracy, too, so that requires staff, contracts, and other things that add up. Even so, being in a shelter means they're still homeless. Still, it goes beyond New Destiny. The Continuum of Care program provides $3 billion for homelessness across the country; New York City receives $175 million in that amount for 165 homeless initiatives that help 11,000 households, according to Branca. And it isn't only for survivors of domestic violence. It's to house those subjected to stalking and sexual assault, each disproportionately affects women. This story was originally featured on
