The 2023-24 Budget: California's Fiscal Outlook [Publication Details]

Nov 16, 2022 - Update (11/22/22): The original version of this report identified a $25 billion —instead of a $24 billion —budget problem, which reflected an error in the way we accounted for student housing grant program funding.
https://lao.ca.gov/Publications/Detail/4646

The 2022-23 Budget: Overview of the Governor's Budget

Jan 13, 2022 - The 2021 ‑22 budget agreement included $2  billion General Fund over three years —including $750  million in 2022 ‑ 23 —for grants to increase affordable student housing at the three public higher education segments.
https://lao.ca.gov/Publications/Report/4492

The 2021-22 Budget: Overview of the Spending Plan (Final Version)

Oct 27, 2021 - Housing and Homelessness The 2021 ‑ 22 b udget provides over $7. 4 b illion (all funds) to about 30 housing and homelessness programs within the Business, Consumer Services, and Housing Agency and departments under the Agency ’s purview.
https://lao.ca.gov/Publications/Report/4448

The 2023-24 California Spending Plan: Other Provisions

Nov 8, 2023 - . $15  million for the Multifamily Seismic Retrofit Grant Program to provide financial assistance for seismic retrofitting to owners of multifamily housing at risk of collapse in earthqu akes. (The 2022-23 budget package originally specified that the Legislature shall appropriate $250  million one time in 2023-24 for this program.
https://lao.ca.gov/Publications/Report/4814

The Definition of Qualified Capital Outlay for the State Appropriations Limit

Feb 18, 2022 - No, services that are provided with the purchase of capital outlay, like supportive services provided with the construction of housing or operations costs associated with state tr ansit services, would not count as exclusions.
https://lao.ca.gov/Publications/Report/4547

The 2019-20 Budget: Overview of the California Spending Plan (Final Version)

Oct 17, 2019 - Housing and Homelessness Provides Funding for Affordable Housing. In addition to expanding the affordable housing tax credit described earlier, the budget funds two major programs that facilitate the construction of affordable housing: Mixed ‑Income Housing Loans.
https://lao.ca.gov/Publications/Report/4083

The 2019-20 May Revision: LAO Economic Outlook

May 12, 2019 - Housing. Following the series of interest rate hikes in 2017 and 2018, housing markets started to show signs of weakening in the summer of 2018. Home price growth slowed, while new construction and sales saw year-over-year declines in the second half of 2018 and the beginning of 2019.
https://lao.ca.gov/Publications/Report/4036

The 2020-21 Budget: Overview of the California Spending Plan (Final Version)

Oct 5, 2020 - The budget allocates $ 550  m illion to the Department of Housing and Community Development (HCD) for Project Homekey, intended to provide housing for individuals and families who are experiencing homelessness or who are at risk of homelessness due to the COVID ‑ 19 p andemic.
https://lao.ca.gov/Publications/Report/4263

The 2017-18 Budget: California Spending Plan

Oct 18, 2017 - Housing Increases Funding for Housing Programs. The budget provides $28.25  million for various housing ‑related programs: $20  million for local navigation centers, which provide temporary housing and case management for homeless individuals; $8  million for affordable housing for homeless and low ‑income
https://lao.ca.gov/Publications/Report/3694/12

A Framework for Allocating Federal Recovery Funds

May 4, 2021 - For example, if the Legislature wishes to continue the Homekey Program, do state or local housing agencies need additional staff to distribute and oversee the funding to ensure it is used effectively?
https://lao.ca.gov/Publications/Report/4422