California on Thursday launched a $1.75 billion fund that could help produce more than 7,000 new homes throughout the state, the latest attempt by Gov. Gavin Newsom to tackle the affordable housing and homelessness crises.
The new California Housing Accelerator fund is for affordable housing projects that are almost ready to break ground but have stalled because they couldn’t amass quite enough funding.
“This is a critical step toward the community transformation we are striving for, where no one is homeless. Where everyone belongs,” said Amie Fishman, executive director of the Non-Profit Housing Association of Northern California. “And where all Californians are proud of the way we take care of each other and all of our communities.”
Read more via The Mercury News…