LOS ANGELES — Mayor Garcetti today was joined by Governor Gavin Newsom to celebrate $209 million in funding for the second round of Project Homekey, a State program to buy existing buildings and convert them to supportive housing for people experiencing homelessness. The funding will help convert seven City sites, which will create 750 new permanent supportive housing units.
“Project Homekey is more than just another tool in our toolbox in the work to end homelessness – it’s an opportunity for thousands to start anew, and an injection of pride and dignity that can keep Angelenos off the street for good,” said Mayor Eric Garcetti. “Thanks to this latest infusion of funds, hundreds of people experiencing homelessness today will be offered the stability of a permanent home, the safety of a door with a lock, and the services they need to get back on their feet.”
To fund the seven new sites, the City of Los Angeles will be contributing an additional $157 million of matching funds. Together with the funds allocated toward Project Homekey earlier this year, the second round will provide 15 new permanent sites with a total of 1,235 units. Between the first and second rounds, Project Homekey will now produce 1,467 units of permanent supportive housing throughout 20 sites across the City using nearly $1.3 billion of State and local funding.
“With 12,500 new homes funded in just two years, Homekey is changing lives across the state,” said Governor Newsom. “Homekey’s groundbreaking success is a model for the nation, showing that we can make real progress on ending homelessness in months, not years. In partnership with cities and counties like Los Angeles, we’ll continue to safely house Californians in need faster and more cost-effectively than ever.”
“We’re really grateful for this continued partnership with the City and the State and the opportunity this additional State funding provides,” said HACLA President & CEO, Doug Guthrie. “It’s truly an honor to be a part of this historic investment and HACLA is mobilizing quickly to close on these properties throughout Los Angeles and get our unhoused neighbors off of the streets.”
Since taking office, Mayor Garcetti has acted with unprecedented urgency to confront the homelessness and housing crisis — from expanding the homelessness budget to over 20 times what it was eight years ago, to launching the A Bridge Home shelter program, which has served over 5,500 distinct residents while HHH-funded projects are built. In the 2022-2023 City budget, Mayor Garcetti championed a nearly $1.2 billion commitment to homelessness solutions, the largest proposed investment by nearly $200 million, which will bring a total of more than 2,700 affordable and supportive housing units online this year.