California Governor Newsom signed a $308 billion budget this week which will direct $2 billion to affordable student housing, building on last year’s $2 billion grant.

More details on housing-related items, reported:

Additional details include:

$1.95 Billion for Emergency Rental Assistance: The budget provides additional funds to ensure qualified low-income tenants who requested rental assistance before March 31 get the support they need.

Additional $3.4 Billion General Fund over two years to build on last year’s $12 billion multi-year investment by continuing progress on expanding behavioral health housing, encampment cleanup grants and support for local government efforts.