Today, the Veterans Housing and Homelessness Prevention (VHHP) program announced the availability of $75 million in funding to assist in developing housing opportunities for our veterans, especially those at risk of homelessness or experiencing temporary or chronic homelessness.
Awards will be made to qualifying developers and nonprofit entities to construct, acquire, rehabilitate, or preserve affordable multifamily housing throughout the state.
The California Department of Housing and Community Development (HCD), California Housing Finance Agency (CalHFA), and the California Department of Veterans Affairs (CalVet) administer the VHHP program. To date, $238 million has been awarded to 55 developments in three prior funding rounds.
“Our at-risk veterans deserve the very best housing solution we can provide,” said CalVet Secretary, Dr. Vito Imbasciani. “VHHP has become the beacon of hope for our veterans facing potential homelessness. With the help of our partners, HCD, and CalHFA, these at-risk veterans in California can find a place to call home.”
California has the honor of being the state with the largest veteran population at nearly 1.7 million. With this honor comes the challenge of also having the most veterans experiencing chronic homelessness.
Last year, 29 percent of veterans experiencing homelessness in America resided in California.
The service-rich communities being developed through VHHP program-funding address many of the challenges at-risk veterans face, and support their movement toward self-sufficiency.
California Department of Veterans Affairs – CalVet’s mission is to serve all of California’s veterans and their families. With nearly 1.7 million veterans living in the state, CalVet strives to ensure that our veterans of every era and their families get the state and federal benefits and services they have earned as a result of selfless and honorable military service. To learn more on how CalVet assists veterans, visit www.CalVet.ca.gov.
California Housing and Community Development – HCD is dedicated to the preservation and expansion of safe and affordable housing so more Californians have a place to call home. Our team works to ensure an adequate supply of housing for Californians and promotes the growth of strong communities through its leadership, policy and program development. For more information, please visit www.HCD.ca.gov.
California Housing Finance Agency – For more than 40 years, CalHFA has supported the needs of renters and homebuyers by providing financing and programs so more low- to moderate-income Californians have a place to call home. Established in 1975, CalHFA was chartered as the state’s affordable housing lender. The Agency’s Multifamily Division finances affordable rental housing through partnerships with jurisdictions, developers and more, while its Single Family Division provides first mortgage loans and down payment assistance to first-time homebuyers. CalHFA is a completely self-supporting state agency, and its bonds are repaid by revenues generated through mortgage loans, not taxpayer dollars. Learn more at www.CalHFA.ca.gov.