SACRAMENTO — Gov. Gavin Newsom Feb. 2, announced $45 million in awards for two new Homekey projects in Los Angeles and Sacramento which will provide 170 units of housing for people exiting homelessness. Including today’s announcement, California has awarded $323 million for 1,208 units across 14 projects statewide as part of the expanded Homekey program.
Gov. Newsom’s homeless housing investments will provide more than 55,000 new housing units and treatment slots in the coming years. Building on last year’s $12 billion investment to help get the most vulnerable people off the streets, the California Blueprint proposes an additional $2 billion investment in behavioral health housing and encampment rehousing strategies, creating a total $14 billion package to confront the homelessness crisis.
The awards include the following project in LA:
The Housing Authority of the City of Los Angeles has been awarded more than $21 million for an acquisition of a newly constructed apartment building located near off-site amenities including a transit station, pharmacy, library, grocery store and park. This project will offer 78 units of permanent supportive housing for people experiencing or at risk of experiencing homelessness. On-site supportive services include individualized case management, including income support, and access to physical and behavioral health services, substance abuse treatment and eviction prevention.
Gov. Gavin Newsom today announced more than $923 million in awards for affordable housing projects across California as part of the California Housing Accelerator, a $1.75 billion investment to provide bridge funding to shovel-ready projects that were otherwise unable to begin construction because of a shortage of federal tax credits and bonds.
In total, 27 statewide projects have been approved to date, with nearly all of the projects expected to break ground this summer. When fully completed, the projects will create 2,300 housing units, 500 of which are for those experiencing homelessness. The Housing Accelerator prioritizes projects for those experiencing homelessness and for those below 30% of the area median income. A full list of awardees can be found here.
In addition to today’s awards announcement, HCD is finalizing the project solicitation and guidelines for the next round of the California Housing Accelerator, which will be released in mid-February.
The next round of the California Housing Accelerator will be a competitive process for previously HCD-awarded 4% tax credit projects and the program will include regional allocations to ensure a broad geographic distribution of Accelerator funds. Applications received will be evaluated for threshold criteria, such as ensuring projects proceed to construction within 180 days of awarded funds. For the next phase of projects, an additional $735 million is available.
Details: California Housing Accelerator webpage.
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