Dear John, On Tuesday, Governor Gavin Newsom released his 2023-24 state budget proposal, which preserved critical investments for the production of rental affordable housing and homelessness response, but included potential cuts to homeownership programs. Read NPH’s full analysis. The Newsom Administration is faced with making strategic and difficult budget choices given the current economic forecast. In order to prevent regression on our progress, and to support our communities’ need for housing solutions, we urge the Administration to explore all avenues available between now and May to increase housing investments for working families and low-income Californians. |
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What’s in the Budget: The Governor and his team made the hard decisions necessary to create a balanced budget while facing a significant shortfall. Future housing expenditures planned in previous years such as for the Multifamily Housing Program, Infill Infrastructure Grant Program, and adaptive reuse program, were preserved. Yet, we must continue to advocate for more funds in order to build even more affordable projects. See the summary of key budget items related to housing and homelessness solutions in our analysis. |
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