Timeline
For Grantees:
- Capital funds must be expended within eight months of the date of the award.
- All operating funds must be fully expended by June 30, 2026.
- The Homekey Program and Expenditure Report will be due annually for five years, no later than March 31 for the prior calendar year of January 1 to December 31. The first report will be due March 31 following Standard Agreement execution during the prior January 1 through December 31 calendar year. If a contract was executed in January, the first report will be due the following March.
Anticipated Timeline for Homekey Applications
- NOFA Release — March 29, 2023
- Stakeholder Webinar — April 20, 2023, 10AM — 12PM PDT.
- Application Release — April 24, 2023
- Final Application Due Date — July 28, 2023, or until funds are exhausted, whichever occurs first.
- Award Announcements — Continuous, with individual awards generally announced within 60 to 90 days of the HCD’s receipt of a complete and accurate application and all required supplemental documentation.
- Standard Agreements Issued — Continuous, after award announcement and the HCD’s receipt of required information and documentation needed to execute the standard agreement
- Disbursement of Funds — Continuous after standard agreement execution, satisfaction of all conditions precedent to disbursement, and completion of a request for funds form.