Dear John,

Last week, Governor Gavin Newsom announced that the 2022-23 state budget has been finalized and NPH has responded with our analysis of the budget investments for affordable housing and homelessness solutions.

The Bottom Line: This budget includes some key investments for affordable housing and homelessness solutions that can help address the needs of our communities; however, the budget overall falls short, failing to meet the scale needed to meaningfully address our state’s affordable housing shortage.

Key Takeaway: The final budget includes a total of $2 billion for affordable housing and homelessness solutions, a fraction of an investment when compared with the state’s historic surplus and what is needed to match our communities’ housing needs. This finalized budget clearly shows that a lack of available funding is not the issue; instead, we need to build greater political will and motivation with lawmakers so that they see the value in putting our neighbors and communities first.