Newsom Administration Announces First Round of Homekey Awards
This week, the Office of Governor Gavin Newsom announced the first round of awards for Homekey, California’s $600 million program to purchase and rehabilitate housing for conversion to permanent, long-term housing for people experiencing or at risk of experiencing homelessness. The first round of awards from the Department of Housing and Community Development (HCD) totaled nearly $76.5 million for 10 projects in seven California communities. The 10 projects are expected to provide 579 housing units.
Recall, Homekey is part of the state’s response in protecting residents experiencing or at risk of experiencing homelessness amid the COVID-19 pandemic. Funds approved by the Legislature as part of the 2020-21 state budget include $50 million in state funds and $550 million in federal Coronavirus Aid Relief Funds that must be spent by December 31, 2020.
The full announcement from the Governor’s Office is available here.