Seventh and Final Round of Project Homekey Funding Released
November 5, 2020
Governor Newsom announced a seventh and final round of Project Homekey awards last Thursday, totaling $81.4 million. The final round includes $129.6 million to nine applicants for 17 projects totaling 982 units. To date, more than $835.6 million has been awarded to 48 jurisdictions for 93 projects totaling 6,055 units. The average per-unit cost to Homekey is $138,512.
The seventh round of awards includes projects in these 4 county led efforts:
- Alameda County has been awarded more than $23 million for two projects totaling 165 units. Both sites will be used as interim housing while improvements are being made to create studio units for permanent housing by the fall of 2022.
- Los Angeles County was awarded $11.75 million to acquire and rehabilitate an 81-unit hotel which will be converted to permanent supportive housing
- Marin County was awarded more than $18.1 million for two projects totaling 114 units to convert to interim housing.
- San Mateo County has been awarded more than $33 million for two projects totaling 170 units that will provide service-enriched interim housing.
The full Governor’s Office press release can be viewed here.
Additional Homekey resources can be viewed here.