For Grantees
- Capital funds must be expended within eight months of the date of the award.
- All operating funds must be fully expended by June 30, 2026.
- The Homekey Program and Expenditure Report will be due annually for five years, no later than March 31 for the prior calendar year of January 1 to December 31. The first report will be due March 31 following Standard Agreement execution during the prior January 1 through December 31 calendar year. If a contract was executed in January, the first report will be due the following March.
For questions regarding disbursement, reporting, milestones, or any issues after the execution of the Standard Agreement contact: MultifamilyGrants@hcd.ca.gov.
Anticipated Timeline for Homekey Applications
- NOFA Release — March 29, 2023
- Stakeholder Webinar — April 20, 2023, 10AM — 12PM PDT.
- Application Release — April 24, 2023
- Final Application Due Date — July 28, 2023, or until funds are exhausted, whichever occurs first.
- Award Announcements — Continuous, with individual awards generally announced within 60 to 90 days of the HCD’s receipt of a complete and accurate application and all required supplemental documentation.
- Standard Agreements Issued — Continuous, after award announcement and the HCD’s receipt of required information and documentation needed to execute the standard agreement
- Disbursement of Funds — Continuous after standard agreement execution, satisfaction of all conditions precedent to disbursement, and completion of a request for funds form.