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May revision keeps new homelessness spending flat; administration says $3.4B remains in pipeline
Summary
Department of Housing and Community Development officials told Assembly Budget Subcommittee 5 that the May revision does not propose new homelessness or affordable‑housing funding in 2025‑26 but retains roughly $3.4 billion in previously authorized rounds and NOFAs that the department is administering.
Department of Housing and Community Development (HCD) officials told the Assembly Budget Subcommittee 5 that the governor's May revision proposes no new affordable housing or homelessness dollars for 2025‑26 but retains $3.4 billion in previously authorized funding that the department is preparing to administer.
"We have $3,400,000,000 in existing funding that we are working on expeditiously getting out the door," Deputy Director Matt Schuler said, while noting the May revision would revert $31.7 million of undersubscribed affordable-housing appropriations from prior budget acts.
Schuler outlined several pots of existing and pending funds the department is administering: $2.25 billion for the Homekey Plus NOFA; $775 million for an…
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