Abstract
The paper attempts to describe the recent trend of increasing homeless population in the USA and UK, and to analyse how governments are restructuring their homeless policies for improving the cost-effectiveness of their policies. The analysis has identified several common trend in restructuring in both countries, such as the emphasis of holistic approach, assigning more responsibility to local governments, targeting the scope of policies, introducing prevention approach and improving economic efficiency of NPO's activities. These findings should provide useful insights for improving the cost-effectiveness of homeless policies in other countries.