September 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   $1,109 $545
CSU 0.3 498 499   655 157
UC 0.3 389 389   437 48
Totals $18 $1,434 $1,452c   $2,202 $750
a Awards for intersegmental projects are distributed to each affected segment.
b As calculated by Department of Finance—first subtracting the planning grant funds, then splitting the construction grant funds 50 percent to CCC, 30 percent to CSU, and 20 percent to UC.
c Funded from appropriations in 2021-22 ($700 million) and 2022-23 ($752 million).