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AB-505 • 2026

Multifamily Housing Program: Homekey: report.

Multifamily Housing Program: Homekey: report.

Healthcare Housing
Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor
Castillo
Last action
2026-02-02
Official status
From committee: Filed with the Chief Clerk pursuant to Joint Rule 56.
Effective date
Not listed

Plain English Breakdown

The official source does not specify the exact number of homes or projects funded by Homekey.

Homekey Program Evaluation Report

This law requires a report from the Legislative Analyst's Office about how well the Homekey program is working and what changes might be needed.

What This Bill Does

  • Requires the Legislative Analyst’s Office to review the effectiveness of the Homekey disbursement program in providing housing for people experiencing homelessness or at risk of becoming homeless, including the number of housing units funded since the program's inception and the timeliness of fund allocation to localities participating in the program.
  • Asks the office to write a report by July 1, 2027, with findings from their review and suggestions for improving the program.

Who It Names or Affects

  • People who are homeless or at risk of becoming homeless
  • Local areas that receive funds through the Homekey program

Terms To Know

Homekey
A program to provide housing for people experiencing homelessness.
Legislative Analyst’s Office
An office that studies and reports on state programs and policies.

Limits and Unknowns

  • The report is due by July 1, 2027.
  • This law will no longer be in effect after January 1, 2031.

Bill History

  1. 2026-02-02 California Legislative Information

    From committee: Filed with the Chief Clerk pursuant to Joint Rule 56.

  2. 2026-01-31 California Legislative Information

    Died pursuant to Art. IV, Sec. 10(c) of the Constitution.

  3. 2025-02-24 California Legislative Information

    Referred to Com. on H. & C.D.

  4. 2025-02-11 California Legislative Information

    From printer. May be heard in committee March 13.

  5. 2025-02-10 California Legislative Information

    Read first time. To print.

Official Summary Text

AB 505, as introduced, Castillo.
Multifamily Housing Program: Homekey: report.
Existing law establishes the Multifamily Housing Program administered by the Department of Housing and Community Development. Existing law requires that specified funds appropriated to provide housing for individuals and families who are experiencing homelessness or who are at risk of homelessness and who are inherently impacted by or at increased risk for medical diseases or conditions due to the COVID-19 pandemic or other communicable diseases be disbursed in accordance with the Multifamily Housing Program for specified uses. This disbursement program is referred to as Homekey.
This bill would require the Legislative Analyst’s Office to conduct an evaluation of the Homekey disbursement program described above to review the effectiveness of the program in relation to sustaining people experiencing homelessness, including, among other things, the
number of housing units and projects funded since the program’s inception, and the timeliness of the allocation of program funds provided to localities participating in the program, including, among other things, the average time between application submission and fund disbursement. The bill would require the office, on or before July 1, 2027, to submit a report to the Legislature, subject to specified requirements, with the results of the above-described evaluation described that includes policy recommendations to address any issues identified during the evaluation. The bill would repeal its provisions on January 1, 2031, pursuant to specified provisions.

Current Bill Text

Read the full stored bill text 
Download Bill PDF