Newsom Administration Announces $2.75 Billion Expansion of Homekey
On Thursday, the Newsom Administration announced the next phase of the homeless housing initiative Homekey with the release of $2.75 billion in funds from the 2021 Budget Act. The funding will expand the Homekey program for the purchase and rehabilitation of buildings, including hotels, motels, vacant apartment buildings, tiny homes, and other properties, to convert them into up to 14,000 more permanent, long-term housing units for people experiencing or at risk of experiencing homelessness.
The California Department of Housing and Community Development (DHCD) released the latest Notice of Funding Availability for local governments to apply for Homekey funding.
Additional information from the Governor’s Office is available here.