Homekey Round 3 Will Launch in Early Spring 2023
The California Department of Housing and Community Development (HCD) has announced that the Notice of Funding Availability (NOFA) for round three of the Homekey program will be released in early spring 2023. Homekey funds the purchase, rehabilitation, and construction of interim and permanent housing.
Round three will continue to include a youth set-aside, reserving 8% of total funding available for projects serving youth experiencing or at risk of homelessness. A total of $750 million, including at least $60 million for projects serving youth will be available through round three after nearly $1.9 billion was awarded to projects in round two, producing nearly 6,600 units of housing, 499 of which are for youth. Of the 108 round two projects awarded, 24 will serve youth, including two profiled here.
Round two was awarded beyond its originally intended amount in order to continue to review eligible waitlisted applications submitted under round two that otherwise would have had to reapply under a future NOFA. According to HCD, this approach funded more units in a quicker timeline and saved jurisdictions time and money.
JBAY is offering planning grants and technical assistance to nonprofit organizations located in Northern California and the Central Valley that are interested in partnering with a public entity—the eligible Homekey applicants—to apply for round three Homekey funding to establish housing for youth. To inquire about JBAY’s planning grants or technical assistance, e-mail andy@jbay.org.
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