Jamboree Housing Corporation announced the successful closing of $55.3 million in state funding from the newly established Homekey, California’s innovative $550 million program to purchase and rehabilitate housing, including hotels, motels, vacant apartment buildings and other properties, and convert them into permanent, long-term housing for people experiencing or at risk of experiencing homelessness. Also known as Project Homekey, Jamboree will fund the creation of 262 permanent studio homes in Northern and Southern California with these dollars.
Jamboree’s 30-year development history created a unique opportunity to leverage the company’s geographic reach and proven expertise to convert motels into permanent housing earlier in the 2000s. This was the type of experience the California Department of Housing and Community Development needed when looking to deploy Homekey funds before year’s end. Partnering with both Santa Clara and Orange Counties, Jamboree is quickly working
Jamboree Awarded $55.3 Million in Homekey Funds, Ending Homelessness for 262 Individuals Statewide
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Orange County-based nonprofit affordable housing developer, Jamboree Housing Corporation announces closing of $55.3 million in state funding to build 262 studio homes in Northern and Southern California. With the company’s 30-year development expertise plus successful motel conversions, Jamboree was chosen to partner in California’s innovative $550 million program to purchase and rehabilitate housing, including hotels, motels, vacant apartment buildings and other properties, and convert them into permanent, long-term housing for people experiencing or at risk of experiencing homelessness.
With Homekey state funding from California, Jamboree and Santa Clara County convert motel into Hillview Court, 132 fully furnished, studio apartments for formerly homeless residents in Milpitas.