Newsom seeks more money for novel homeless housing program

SAN JOSE, Calif. — As Project Homekey funds begin to dry up, Gov. Gavin Newsom on Monday said he’s seeking an extra $200 million to help more cities and counties convert property into homeless housing.If approved by the state’s Joint Legislative Budget Committee, the request would increase the innovative program’s buying power by a third. So far, Project Homekey has allocated $449.9 million of its $600 million budget, funding 3,351 new housing units. Newsom announced 19 new projects on Monday.“Not only is Homekey unprecedented in providing capital to house people experiencing homelessness, but…

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HEDGE accordingly