California Governor Signs Housing Bills & Launches Proposition 1 Homekey Initiative

On September 19, 2024, the California Governor signed a legislative package of 32 bills to launch the Homekey+ Initiative in Proposition 1 to change how the state funds addiction treatment and homelessness services. The Homekey+ model emphasizes the acquisition and rehabilitation of existing buildings or other project types that can be quickly converted or constructed into permanent affordable housing. Proposition 1 provides up to $2.2 billion, available to cities, counties, and public housing authorities, for new permanent housing paired with services. An additional $250 million is available from the state’s Housing and Homeless Housing, Assistance, and Prevention (HHAP . . .