Page 35 - FY 2022-23 Budget Summary

Homekey 2.0

Administered by the California Department of Housing and Community
Development (HCD), Homekey provides an opportunity for public entities to
convert commercial properties and other existing buildings to Permanent or
Interim Housing. In 2020, the City leveraged State funds to purchase 15
properties totaling 744 of both interim and permanent supportive housing
units to address the urgent need for safe spaces for our unhoused neighbors
to quarantine during the pandemic. The City and the Housing Authority of the
City of Los Angeles (HACLA) have submitted applications to the State to acquire
16 new Homekey sites. Ten of those sites would be directly administered by
the Los Angeles Housing Department. The City expects to receive about $254.8
million for the acquisition, rehabilitation, and operating costs for 928 new
Homekey units, 909 of which will be supportive housing units.

Housing &

Homeless SOLID GROUND HOMELESSNESS PREVENTION PROGRAM

Services $1.6 million is provided for the Solid Ground Program
under the Community Investment for Families Department
to provide homelessness prevention services at the City’s 16
FamilySource Centers. The Solid Ground Program helps
prevent new cases of homelessness for families by
stabilizing housing and by working with them to build a
more financially secure future. Services include housing
search and placement and housing stabilization services,
such as case management, personal finance skills, and
assistance with accessing public benefits.

EXPANSION OF HOMEOWNERSHIP OPERATIONS
COMBATING HOMELESSNESS
$5 million is provided for the expansion of the Moderate-
Income Purchase Assistance (MIPA) and Low-Income
Purchase Assistance (LIPA) Programs, which help first-time,
moderate-income and low-income home buyers purchase
homes in the City of Los Angeles. The programs provide
loans to cover the down payment, closing costs, and
acquisition.

FY 22-23 PROPOSED BUDGET | 33