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The Bottom Line: The final budget includes funding for critical programs (including prior year commitments and some additional investments) that will provide relief for state residents who can’t afford California’s rising housing costs or who are experiencing homelessness. It demonstrates that Governor Newsom and state lawmakers recognize the need for progress and are working with our communities to lead the nation in common-sense, humane, and just housing solutions for all our neighbors. At the same time, we are disappointed that the budget allocations fall short of the deep investments we need to truly meet the annual affordable housing goals our agencies have set for the state. To meet the scale of our state’s housing needs, deeper investments and strategic efforts are needed. |
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