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Assemblymember Haney Secures Major Housing Wins in Final Budget

Key funding for affordable housing production and homeless prevention included in final Budget, championed by Assemblymember Haney, will spur new housing and keep people housed.

For immediate release:

Assemblymember Matt Haney, Chair of the Assembly Housing and Community Development Committee, today celebrated the inclusion of key housing and homelessness prevention initiatives in California’s final state budget, marking a significant step forward in addressing the state’s housing crisis.

“These housing victories represent a serious investment in the solutions we know work: building more affordable homes, keeping people housed, and holding ourselves accountable for results,” said Haney. “We fought hard to make sure these priorities stayed in the final budget, and we’re going to make sure they deliver real impact.” The final budget includes:

  • $500 million in continued funding for the Low-Income Housing Tax Credit (LIHTC) program and $120 million for the Multifamily Housing Program, both top Assembly priorities.
  • $209 million for housing and homelessness prevention programs administered by the Department of Social Services.
  • A new $500 million “Round 7” of Homeless Housing, Assistance and Prevention (HHAP) grants, launching after Round 6 distributions in 2026–27, with enhanced accountability measures.

Housing advocates sounded alarm bells when the Governor’s May Revise did not include key investments for housing production. Today, they echo Haney’s support for the final budget agreement.

“California has tens of thousands of shovel-ready affordable housing projects in communities across the state waiting only on funding to move into construction,” said Ray Pearl, Executive Director of the California Housing Consortium. “The final budget agreement secures the critical resources many of these projects need to move forward — funding successful programs that will provide safe, affordable homes for lower-income households with few other housing options, while also helping communities expand their response to the homelessness crisis.”

The Assembly passed the final housing budget bill with a 62-3 vote and it was immediately signed by the Governor.

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