The HCD announced the release of this Notice of Funding Availability (NOFA) for approximately $736 million in Homekey program funds. Building on the success of both Project Roomkey and the first two rounds of Homekey, this significant investment continues a statewide effort to sustain and rapidly expand housing for persons experiencing homelessness or At Risk of Homelessness, and who are, thereby, disproportionately impacted by and at increased risk for medical diseases or conditions due to the COVID-19 pandemic or other communicable diseases.
Of the $736 million in Homekey funding, $435 million is derived from the Coronavirus State Fiscal Recovery Fund (CSFRF) established by the federal American Rescue Plan Act of 2021 (ARPA) (Public Law 117-2) and $301 million is State General Fund. The $301 million in State General Fund money is intended to supplement the acquisition of, and to provide initial operating subsidies for, Homekey sites to promote Project feasibility. Homekey is an opportunity for state, regional, and Local Public Entities to develop a broad range of housing types, including but not limited to hotels, motels, hostels, single-family homes and multifamily apartments, adult residential facilities, manufactured housing, and to convert commercial properties and other existing buildings to Permanent or Interim Housing for the Target Population.
The Health, Housing and Homeless Services division is currently in a lease/purchase agreement for property at 2555 El Portal Drive in San Pablo. The site is currently under construction to provide 54 micro housing units to persons experiencing, or at risk of experiencing, homelessness. Homekey funds would be used for the purchase of this property to provide much needed additional housing.
Approval of Resolution No. 2023/178 will allow the County to submit an application and receive up to $16,000,000 for the Homekey program for the period through June 30, 2026.
If the County does not submit an application to HCD for funds under the Homekey program, the County will not receive an amount up to $16,000,000 to negotiate for the purchase of properties that could provide permanent resources to the County’s homeless population.