project homekey

Housing California's homeless when they need it most with Project Homekey!

 

May. 1 2020 - Erik Pillar

Project Homekey, is placing an immediate focus on the states homeless and BV can help!

California’s $600MM program,Project Homekey, is placing an immediate focus on housing the State’s homeless when they need it most. The program will fund the conversion of a variety of housing types, including (but not limited to) hotels, motels, vacant apartment buildings, and residential care facilities into interim or permanent, long-term housing for the homeless. 

Estimates suggest that the program could house 5.5% of the State’s unsheltered homeless population, starting with those who have tested positive for COVID-19 and need to safely quarantine. 

$550MM of the allocated Homekey grant funds will be administered by the California Department of Housing and Community Development (HCD) and be available through the end of the 2020 calendar year. 

To complete the purchase of these properties, local governing agencies, housing authorities, affordable housing developers, and non-profits may be required to get real estate due diligence performed including property condition assessments, environmental site assessments, and other inspections. Bureau Veritas is working with our affordable housing developer clients to provide these assessments in a timely manner while meeting ASTM requirements.

BV has regional staff throughout California who have completed millions of square feet of technical assessments. Let us help you execute your plans to contribute to the Project Homekey mission. 

More information regarding Project Homekey!  

BV is helping our CA clients execute hotel conversions in support of the State’s Project Homekey program that is aimed to reduce the number of unsheltered homeless throughout the State.

BV is providing timely due diligence assessments required by the State to complete the lease-to-purchase conversion of hotel/motel properties for our clients. Click here if you'd like to reach out to someone at BV!

The California Department of Housing and Community Development (HCD) will be administering $550MM of the allocated Project Homekey grant funds and these funds will be available through the end of the 2020 calendar year. 

There is a sense of urgency in California during this time and the application process was only getting started and many hurdles remained before specific properties could be identified. The options could include bridge housing, which would provide a place to stay for up to six months for people directly transitioning from homelessness to a personal residence. An affordable housing option would provide a permanent home with rent payments supplemented through the Housing Authority. The key to this process is getting homeless off the streets and making use of buildings that would otherwise stay dormant. 

The state’s new Project Homekey program builds upon the success of Project Roomkey, developed as part of California’s response to COVID-19. Project Roomkey rented hotel and motel rooms across the state to provide temporary homeless housing for individuals who are already at risk of lower life expectancy, substance abuse, poor health, and infectious and chronic illness by virtue of being without shelter.

The money available is part of California’s direct allocation of the Federal Coronavirus Aid Relief Funds. Initial operating funds of $50 million to get the program underway leaves $550 million to be provided directly to cities and counties for housing. It represents the largest expansion of housing for people experiencing homelessness in recent history.

For a speedier implementation of Homekey housing, Governor Newsom signed legislation providing automatic zoning compliance for converted hotels, motels, and other housing types that will utilize Homekey funding.

To complete the purchase of these properties, local governing agencies, housing authorities, affordable housing developers, and non-profits may be required to get real estate due diligence performed including property condition assessmentsenvironmental site assessments, and other inspections. Bureau Veritas is working with our affordable housing developer clients to provide these assessments in a timely manner while meeting ASTM requirements.

BV has regional staff throughout California who have completed millions of square feet of technical assessments.Let us help you execute your plans to contribute to the Project Homekey mission. 

Click here  to contact us. 

BV OFFERS SUPPORT FOR:

For more information contact:
Erik Piller
 | Senior Vice President
p 800 733 0660 x 2704 | m 408 505 6117 | e erik.piller@bvna.com

 

Project Homekey

Project Homekey Governor Newsom says that the hotels and motels acquired during the pandemic for homeless will turn into more permanent, affordable housing.