Homekey
Homekey funds California public entities to create or convert properties into housing for people experiencing or at risk of homelessness, focusing on those most vulnerable to health crises.
Funder: California Department of Housing & Community Development
Due Dates (Anticipated): July 2026 (final application deadline, projected)
Funding Amounts: Up to $200,000 per unit (baseline, higher for certain populations); up to $35 million per project; $736 million available (prior round); 2–3 years operating support possible.
Summary: Supports California public entities to acquire, convert, and develop properties into housing for people experiencing or at risk of homelessness, emphasizing populations vulnerable to health crises.
Key Information: Forecasted—dates and details may change; check the program page for updates.
Description
Homekey is a major statewide initiative of the California Department of Housing & Community Development (HCD) that provides funding to state, regional, and local public entities for the development of permanent or interim housing for individuals and families experiencing or at risk of homelessness. The program supports a wide range of activities, including the acquisition, rehabilitation, and conversion of properties such as hotels, motels, hostels, apartments, single-family homes, adult residential facilities, and commercial buildings. Projects may also include new construction, master leasing, purchase of affordability covenants, relocation costs, and capitalized operating subsidies. Homekey places strong emphasis on serving populations disproportionately affected by homelessness and health risks, particularly in the context of the COVID-19 pandemic and other communicable diseases.
