Release of $2.75B Funds is Next Phase of Homeless Housing Initiative

Gov. Gavin Newsom’s administration announced the next phase of its homeless housing initiative, Homekey, with the release of funds from the governor’s $2.75 billion investment. The fund will expand the program to purchase/rehabilitate buildings for conversion into 14,000 more permanent long-term housing units for homeless people. Homekey makes competitive grants available to local governments across the state.

“California is moving with unprecedented speed to house people experiencing homelessness through Homekey,” said Newsom. “We are going all in on solutions that work, tackling the homelessness crisis head-on with a constructive compassionate approach and a focus on serving those with the most acute behavioral health needs. This investment will allow us to build on Homekey’s groundbreaking success, creating more housing, faster and with accountability and efficiency.”

The rehabilitated buildings may include hotels, motels, vacant apartment buildings, tiny homes and other properties.