The 2025-26 California Spending Plan: Housing, Homelessness and Local Government

Oct 22, 2025 - The budget authorizes $500  million for the state Low-Income Housing Tax Credit (LIHTC) program. (This amount is in addition to about $130  million in statutorily required state tax credits for the program in 2025-26.) 2025-26 is the seventh consecutive year the Legislature has authorized a $500  million tax credit.
https://lao.ca.gov/Publications/Report/5082

The 2022-23 Budget: The Governor's Housing Plan

Feb 14, 2022 - While the 2019 ‑20 budget provided MIP $500 million General Fund over four years, subsequent budget reversions associated with the COVID ‑19 pandemic made only $250 million available to the program over two years.
https://lao.ca.gov/Publications/Report/4535

The 2022-23 Budget: The Governor’s Homelessness Plan

Feb 9, 2022 - The budget proposes $1  billion General Fund in 2022 ‑23 and $500  million General Fund in 2023 ‑24 to address the immediate housing and treatment needs of people with complex behavioral health conditions.
https://lao.ca.gov/Publications/Report/4521

How Has COVID-19 Affected Renters and Homeowners?

Jan 19, 2021 - Specifically, these assumptions increase the estimate of total rental debt by about $ 500  m illion, from $1. 7  b illion to $2. 2  b illion. However, this increase is more than offset by our office ’s revised estimate for UI benefits.
https://lao.ca.gov/Publications/Report/4312