CALIFORNIA, November 7 – Governor Gavin Newsom today announced the second batch of Round 3 Homekey grants, totaling a $156.4 million investment, which will create 556 homes in six counties. BACS and BACS Housing Corporation are proud to partner with the City of Oakland, Memar Properties, the Cities of Hayward and Union City, and the City of Salinas to create 124 permanent, affordable, neighborhood-oriented housing opportunities to address homelessness. These three communities will see a remarkable impact, and this major funding will be transformative for the residents who are able to escape homelessness. To date, BACS has created permanent housing for more than 300 people through Homekey.
“Homekey continues to demonstrate that we can build quickly, and at a fraction of the usual cost, to deliver much-needed affordable homes for Californians struggling to find a place to live,” said Governor Newsom. “There’s still more work ahead, but the state is taking proactive measures, from implementing accountability standards to offering incentives, to confront this housing crisis head on.”
“BACS shows up for the community, and we innovate. Our housing reclaims neighborhoods by creating and preserving affordable housing where people want to stay,” said Jamie Almanza, MBA, CEO of BACS and BACS Housing. “This major partnership from the state empowers individuals, families, and communities to reclaim their sense of belonging and provides the ability to rebuild their lives which are unfairly impacted by gentrification, structural racism, and deep poverty.”