Project Homekey: The Silver Bullet to Create More Housing for the Homeless?
As part of his $12 billion two-year plan to address homelessness, Governor Newsom initially earmarked $7 billion to be used for a variety of housing measures, including Project Homekey, a state-sponsored program that buys existing motels, hotels and office buildings to convert them into housing. Housing advocates say this is a game changer that could create 43,000 units of housing that would help alleviate the suffering of the 161,000 people in California without a home. But some experts say it’s unlikely to be sufficient, as the state’s homeless population grows due to unemployment from the…
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