Yes, 32 Million is a lot. However, 
Those homeless programs include homeless prevention too.  A family about to loose their apartment may be able to get assistance with rent or paying utilities for a couple of months. That could prevent them from becoming homeless in the first place.
It includes the rent, utilities and payroll for all of the programs. Just the electricity at one facility we work with is roughly $13,000 a month. that is $156,000 a year. That facility houses roughly 700 people a year.

Will it "Solve" the problem ? I would say its not going to "solve" anything.  The problem in Hawaii is that we do not have enough housing that is affordable to "solve" the problem. Hawaii has roughly 100,000 "Hidden Homeless".  The food bank fed 280,000 people last year. And we are complaining because we have 5,000 homeless a night, 15,000 a year ? I am actually surprised we do not have 50,000 homeless.