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The county and city governments will apply for Homekey Program money along with the San Diego Housing Commission, a public agency, and the nonprofit PATH Ventures, which builds affordable housing.
The innovative housing program launched during the pandemic has made a significant difference for unhoused individuals, but long-term support remains underfunded.
The California Health Facilities Finance Authority will price the final authorization of $1.05 billion from the $2 billion program on Tuesday.
Seeking to spur affordable housing production, state Sen. Josh Becker has authored a bill that aims to both provide more funds for housing developers and expand the list of housing projects that cities can build to get state credit.
Petaluma will buy a former motel and convert it into housing for homeless people living on city streets. Last week, the city was awarded a $15.6-million grant