California Invests $757M in Affordable Housing Projects

Gov. Gavin Newsom, along with the California Strategic Growth Council, recently announced $757 million in funding to advance the building of affordable housing in both Northern and Southern California. This investment will create more than 2,500 affordable homes, 150 new zero-emissions buses and more than 50 miles of new bikeways, and improve miles of sidewalks in communities statewide.

“California is reimagining communities around the state to address the ways our cities are changing – adapting to climate change and confronting housing scarcity,” said Newsom. “These investments will help cut carbon pollution and build more affordable housing as we look forward to a clean energy future.”

With more than half the total allocated to Northern California projects, the funding is provided through the Affordable Housing and Sustainable Communities (AHSC) Program. In the last round alone, AHSC-funded developments leveraged a total of $2.4 billion in additional local, state, federal and private investments.

Pictured: Meridian at Corona Station in Petaluma. Rendering courtesy of Danco Group.

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