Governor Commits More Money to Project Homekey
May 12, 2022
The $150 million investment allows local governments to plan for, purchase, refurbish or build potentially thousands of new homeless housing units through a competitive grant process. With the announcement this week, the Governor has committed $3.75 billion to Project Homekey. More than 10,000 housing units have been funded through Project Homekey thus far.
The Governor also announced $166 million in current awards for seven ready-to-go projects, four of which will go to Los Angeles and San Joaquin counties aimed at not only providing housing but additional client-centered support services:
- The County of Los Angeles will receive $37.3 million to acquire a turnkey converted motel, providing 101 units for permanent supportive housing.
- The County of Los Angeles will receive $33.8 million for the 818 Hotel project.
- The County of Los Angeles will receive $19.5 million to acquire and rehabilitate a 53-unit hotel for permanent supportive housing, serving entirely chronically homeless households.
- The Housing Authority of the County of San Joaquin will receive $24.9 million to acquire and convert an existing motel into 69 units of permanent supportive housing.
The announcement of $150 million more for Project Homekey precedes the Governor’s unveiling of his May Revision budget tomorrow (Friday, May 13). CSAC will produce a comprehensive Budget Action Bulletin tomorrow afternoon to update counties on the Governor’s spending plan