California Announces New Homekey+ Projects and Funding to Address Homelessness and Veteran Housing

California has awarded 2,905 permanent supportive homes through its Homekey+ program since it launched in 2024, according to figures released by the state government. Of those newly funded residences, 828 units are specifically designated for veterans, who face disproportionate rates of homelessness across the state.

Reaching the Billion-Dollar Milestone in Supportive Housing

State officials announced that Homekey+ funding has crossed the $1 billion threshold with five newly approved projects adding 329 affordable homes. Among these latest developments, 168 units are reserved for veterans.

Financing Projects Across Local California Communities

Backed by a nearly $18.7 million Homekey+ grant, a 63-unit apartment building will undergo renovation through a collaboration between Swords to Plowshares and the City and County of San Francisco, creating 44 supportive housing units for veterans facing homelessness with a behavioral health challenge. Securing a $16.2 million Homekey+ award alongside Wakeland Housing and Development Corporation, the County of Riverside will obtain necessary financial backing to construct the 80-unit Camino Terrace, featuring 35 residences allocated for the Homekey+ demographic, which includes 28 homes for veterans. Supported by a nearly $20.9 million Homekey+ grant, the Housing Authority of the County of Santa Barbara is partnering with Thompson Housing, LLC and Surf Development Company to acquire the necessary financial gap support for building the 49-unit Brisa Encina complex located in Lompoc. Of those homes, 19 will be reserved for veterans experiencing homelessness with a behavioral health challenge. Utilizing an $18.8 million Homekey+ grant, the County of Los Angeles is teaming up with Hope the Mission to purchase and convert a former motel in Los Angeles into the 62-unit Casa Bella property. Designed to support Californians without housing who deal with behavioral health conditions, the project will feature 61 permanent supportive residences—including seven designated for veterans—alongside a single unit reserved for a manager.

Integrating Behavioral Health Interventions With Housing

State data indicates that more than 1.2 million adults in California live with a serious mental illness, while one in 10 residents meet the criteria for a substance use disorder.

Construction Timelines and Immediate Next Steps

Through the Homekey+ initiative, roughly $1.03 billion in Proposition 1 bond money was allocated to tribal groups, housing authorities, counties, and municipalities for permanent supportive housing developments focused on veterans. In addition, $1.11 billion was provided for initiatives targeting all eligible groups, drawing from a blend of Homeless Housing, Assistance, and Prevention program grants and Proposition 1 bond resources.