Multifamily Housing Program: Homekey: report.

Assembly Member Castillo's proposal for a comprehensive evaluation of California's Homekey program would require the Legislative Analyst's Office (LAO) to assess the initiative's performance in addressing homelessness and distributing funds to local jurisdictions. The evaluation would examine multiple metrics, including the number of housing units funded, occupancy rates after one year, and the rate at which residents transition to permanent housing.

The LAO's analysis would focus on two primary areas: program outcomes and operational efficiency. The outcomes assessment would track the number of housing units created, their occupancy rates, and demographic data about residents, including family status, veteran status, and disability status. The operational review would examine fund distribution timelines, measuring factors such as the duration between application submission and disbursement, along with any delays affecting project completion.

By July 1, 2027, the LAO would present its findings to the Legislature, including policy recommendations based on the evaluation results. The mandate for this evaluation would remain in effect until January 1, 2031, at which point the requirement would expire unless extended by subsequent legislation.