Statement on Gov. Newsom’s Enactment of the 2021/22 State Budget

The California Housing Partnership applauds the historic investment of state resources to help address the dire housing needs of California’s low-income families, including those experiencing homelessness. The enacted state budget for the 2021/2022 fiscal year includes more than $5 billion to increase and preserve the supply of affordable homes as well as critical additional funding to house and provide services to persons experiencing homelessness. 
“The Roadmap Home 2030 finds that California needs to invest $17.9 billion per year over the next 10 years – an amount similar to what the state invests in higher education – to create 1.2 million new affordable homes and end homelessness,” says Matt Schwartz, President and CEO of the Partnership. “The enactment of this state budget is a gigantic step forward to realize the Roadmap’s goals. The Governor and Legislature deserve great thanks for this historic and precedent-setting action even as we urge them to adopt a long-term plan with sustainable annual commitments of ongoing funding at the scale that the Roadmap evidences is needed.”  
The Partnership specifically applauds the following appropriations in the state budget:
  • $1.75 billion to bring to construction thousands of new affordable homes that are held up in the state pipeline awaiting allocations of scarce federal tax-exempt private activity bonds
  • $1.45 billion in FY 2021/22 and $1.3 billion in FY 2022/23 for Homekey to acquire hotels, motels, and other properties to provide housing for individuals and families who are experiencing homelessness or who are at risk of homelessness
  • $500 million in additional state low-income housing tax credits
  • $500 million for the creation of a Foreclosure Intervention Housing Preservation Program 
  • $300 million for the preservation of existing affordable homes
  • $250 million for the Infill Infrastructure Grant Program
  • $50 million for the Joe Serna, Jr. Farmworker Housing Grant Program
  • $45 million for the Mixed-Income Program
  • $50 million for the Golden State Acquisition Fund
  • $45 million to develop state excess sites with affordable housing
  • $20 million for the San Gabriel Valley Regional Housing Trust
  • $20 million for the Bay Area Housing Finance Authority

Let’s raise our voices together to persuade policymakers to act boldly and comprehensively. Sign up for updates and calls to action from California’s @RoadmapHome2030 as we ensure concrete steps to tackle homelessness and provide stable, affordable homes #4allCalifornians.