SF1367 Summary

• Appropriates $50,000,000 in fiscal year 2023 from the general fund to the Housing Finance Agency for the family homeless prevention and assistance program.

• Allows the agency to award grants to existing program grantees without following standard procurement provisions and requires best efforts to spend the appropriation by June 30, 2024.

• Permits qualified families to receive more than 24 months of rental assistance, waiving the standard 24-month limitation.

• Requires the commissioner to report to legislative housing finance committees by January 15, 2024, and within 60 days of fund expenditure on the number of applicants served, total assistance amounts, geographic distribution, and remaining balance.