An Initial Look at Effects of the COVID-19 Pandemic on Local Government Fiscal Condition

May 12, 2021 - The state has until December 31, 2024 t o spend its federal ARP allocation. As such, we recommend the Legislature not allocate all of the ARP funds available to the state as part of its 2021 ‑ 22 b udget.
https://lao.ca.gov/Publications/Report/4428

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

Feb 14, 2022 - The 2021 ‑22 budget provided HCD $300  million one ‑time ARP  fiscal relief funds for capital improvements to affordable housing developments with affordability covenants that are due to expire within five years —December 2026.
https://lao.ca.gov/Publications/Report/4535