Newsom Announces Seventh and Final Round of Homekey Awards
On Thursday, Governor Gavin Newsom returned to a Yolo County hotel where he launched in April the state’s Project Roomkey initiative to announce the seventh and final round of awards to provide permanent supportive housing for individuals experiencing homelessness. The seventh round of awards total $129.6 million awarded to nine jurisdictions for 17 projects providing 982 units. Thursday’s awards included projects in Alameda, Los Angeles, Marin, and San Mateo counties, among others.
With this week’s announcement, nearly all available Homekey funding has been awarded. To date, more than $835.6 million has been awarded to 48 jurisdictions for 93 projects providing 6,055 units. The average per-unit cost to Homekey is $138,512 which is below the average cost in California to build new housing units.
The full announcement from the Governor’s Office is available here.