Right Column

The Department of Housing and Community Development Awards $210.7 Million in Proposition 46 Funding to Create Housing Opportunities for Thousands of Californians

California Department of Housing and Community Development (HCD) Director Lynn L. Jacobs today was joined by Business, Transportation and Housing Agency Secretary Sunne Wright McPeak in announcing over $210.7 million in Proposition 46 funds. The awards were distributed among 42 counties to provide housing opportunities for more than 11,397 of California’s hardworking families and neediest residents. Proposition 46 is the $2.1 billion housing bond approved by voters in November 2002.

"When I became Governor, I ordered that Proposition 46 funding be expedited so homes and shelters could be built more quickly," said Gov. Schwarzenegger. "I am also proud to announce the first award of funds from my Initiative to End Chronic Homelessness. The award is given to a project in the city of Santa Cruz dedicated to helping chronically homeless individuals receive the shelter and services they need to regain a healthy and productive life. "The Initiative to End Chronic Homelessness offers $40 million to assist homeless individuals and families transition to permanent, stable housing and lives.

"Gov. Schwarzenegger is committed to making affordable housing a reality for hardworking Californians and our neediest residents," said Secretary McPeak. "Today’s awards will help 11,397 families or individuals achieve that dream while supporting local economies through construction related activities."

Click here for the full Press Release