California Legislative leaders and Gov. Newsom allotted a total of $12 billion over the next two years to address homelessness and affordable housing, including $1 billion per year for two years in flexible aid to local governments to combat homelessness. This includes significant local flexibility, as well as strong accountability measures. The budget also includes $1.75 billion to build shovel-ready, backlogged affordable housing projects, $300 million to preserve existing affordable rental housing, $500 million in foreclosure intervention funding, $600 million in funding to help local governments plan and implement projects that achieve both housing and environmental goals, and $130 million to build and maintain farmworker housing.
By providing local jurisdictions with $1 billion annually for two years, this represents the biggest, repeat pot of funding for homelessness in California to date. Come learn more about how these funds will benefit local community housing and help to address our housing challenges.
Speaker:
James Hacker, Senate Budget Subcommittee on Housing and Homelessness
