Home News and Notifications LA to Benefit from Round 3 of State Homekey Funding
LA to Benefit from Round 3 of State Homekey Funding
LA to Benefit from Round 3 of State Homekey Funding

Posted:

12/20/2023

The county and city of Los Angeles will benefit from approximately $182 million in state funding to support the building of 516 affordable homes, Gov. Gavin Newsom’s office announced Wednesday.

The money comes from Round 3 of Homekey awards, which will fund nine housing projects in five communities across the state — three of those in Los Angeles County. A total of 613 new affordable homes are expected to be completed as a result of the funding, and more than a third of those units will be reserved for people experiencing chronic homelessness.

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