Notice of Funding Availability, Homekey Program Round 3

Portal ID:
27350
Status:
Closed
Opportunity Type:
  • Grant
Last Updated:

Details

Purpose:

The goal of the Homekey program is to grant state funds to local public entities to acquire, develop and operate a broad range of housing types, including but not limited to hotels, motels, single-family homes and multifamily apartments, adult residential facilities, and manufactured housing, to convert commercial properties and other existing buildings to Permanent or Interim Housing for the Target Population.

Description:

Homekey was created as an opportunity for local public agencies to quickly acquire and rehabilitate properties like motels, multifamily buildings, and commercial properties, to expand housing for persons experiencing or at risk of homelessness, who are inherently impacted by the COVID-19 pandemic.

The $736 Million Round 3 NOFA sets aside 10% of funding for youth at risk or experiencing homelessness, and 5% of funding for rural communities. The rest of the funding is also divided into 8 regions, largely aligned with the various Councils of Government (COGs). Each region's share of the Homekey allocation is calculated based on its proportionate share of persons experiencing homelessness as indicated by the sheltered and unsheltered 2021 Homeless Point-in-Time (PIT) counts, plus its proportionate share of extremely low-income (ELI) renter households that are paying more than 50 percent of their income for rent.

Keywords: Permanent Supportive Housing, homeless housing, housing grants, property conversion funding, acquisition grant.

Eligibility Requirements

Eligible Applicants:

  • Public Agency
  • Tribal Government

Cities, counties, cities and counties, & all other state, regional, & local public entities, including: councils of govt, metropolitan planning orgs, & regional transport. planning agencies in Section 29532.1 of the Govt Code or Tribal Entities.

Eligible Geographies:

The Department has divided the state into eight regions, each region has funding reserved. Each region's share of the Homekey allocation is calculated based on its proportionate share of persons experiencing homelessness as indicated by both the sheltered and unsheltered.

Important Dates

The date (and time, where applicable) by which all applications must be submitted to the grantmaker. Time listed as “00:00” equates to midnight.
The date on which the grantor expects to announce the recipient(s) of the grant.
TBD
The length of time during which the grant money must be utilized.
15 mos or 6/2026

Funding Details

The total projected dollar amount of the grant.
$735,988,501
A single grant opportunity may represent one or many awards. Some grantors may know in advance the exact number of awards to be given. Others may indicate a range. Some may wish to and wait until the application period closes before determining how many awards to offer; in this case, a value of “Dependent” will display.
Dependent
Grant opportunities representing multiple awards may offer awards in the same amount or in varied amounts. Some may wish to wait until the application period closes before determining per-award amounts; in this case, a value of “Dependent” will display.
Dependent
Certain grants require that the recipient(s) provide a letter of intent.
No
Certain grants require that the recipient(s) be able to fully or partially match the grant award amount with another funding source.
No
The funding source allocated to fund the grant. It may be either State or Federal (or a combination of both), and be tied to a specific piece of legislation, a proposition, or a bond number.
  • Federal and State

Funding Source Notes:

Assembly Bill No. 140 (2021-2022 Reg. Sess.) provided the statutory basis for Round 2 of the Homekey Program by adding section 50675.1.3 to the Health and Safety Code, and it exempted certain Round 2

The manner in which the grant funding will be delivered to the awardee. Funding methods include reimbursements (where the recipient spends out-of-pocket and is reimbursed by the grantor) and advances (where the recipient spends received grant funds directly).
  • Advance(s)

Funding Method Notes:

Grantees must meet certain specified conditions prior to disbursement of grant funds. A disbursement request is required once those conditions have been met.

How to Apply

State agencies/departments recommend you read the full grant guidelines before applying.

Resources

For questions about this grant, contact:
Homekey Program, 1-916-263-2771, ProjectHomekey@hcd.ca.gov