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 January 31 for the prior calendar year of January 1 to December 31. The first report will be due January 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 January.

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.