HomeKey

Project Homekey is California Governor Gavin Newsom‘s signature homelessness mitigation measure, which has been allocated $3.75 billion since its inception in 2020.  This week, Newsom granted a massive $156 million in state funding towards the purchase of 556 housing units for the state’s homeless.   These projects are mostly hotels converted to permanent supportive housing units, which are defined as standard rental housing with the added benefit of onsite supportive services, such as help accessing health care, life skills, and other services, provided by dedicated service providers that partner with the property owner and manager.  These added ongoing costs are not covered by Homekey funding.  They are provided for the projects at the local level.

 

 

“Homekey continues to demonstrate that we can build quickly, and at a fraction of the usual cost, to deliver much-needed affordable homes for Californians struggling to find a place to live,” Newsom said in a public statement announcing the latest round of grants.