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Newsom Awards Nearly $800M for Affordable Homes, Infrastructure Improvements
California Gov. Gavin Newsom said Friday the state would award nearly $789.8 million in cap-and-trade funds for 24 projects throughout California to create thousands of affordable homes, and infrastructure improvement projects such as bikeways, zero-emission public transit and pedestrian walkways. The funding will build 2,483 new, rent-restricted homes.
Projects receiving these awards are located in 20 communities across the state including the cities of Berkeley, El Cerrito, Healdsburg, Hemet, Inglewood, King City, Livingston, Long Beach, Los Angeles, Oakland, Oceanside, Oxnard, Red Bluff, Sacramento, San Bernardino, San Diego, San Francisco, San Jose, and Walnut Creek and Los Angeles County.
The funding is the eighth and third-largest round of grant awards for the state’s Affordable Housing and Sustainable Communities program. “By creating livable communities with sustainable transportation options, we can meet both our state’s climate targets and our goal of providing affordable housing for every Californian,” said Newsom.
- ◦Financing
- ◦Policy/Gov't
