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July 2022

Higher Education

State Makes First Round of Student Housing Grants

General Fund (In Millions)

  Grant Awards   Statutory Allotments
  Planninga Constructiona Total   Totalb Remainder
CCC $17 $547 $564   $1,108 $544
CSU 0.3 492 493   655 162
UC 0.3 389 389   437 47
Totals $18 $1,428 $1,446c   $2,200 $754d
a Awards for intersegmental projects are distributed to each affected segment.
b As calculated by Department of Finance.
c Funded from appropriations in 2021-22 ($700 million) and 2022-23 ($746 million).
d Consists of $3.9 million remaining in 2022-23 funds and $750 million in 2023-24 funds.