In The News
CalMatters: Newsom Changes Course, Now Wants More Student Housing Money Sooner
Starting in 2021, California took more of an interest in constructing affordable student housing. Since then it’s been a roller coaster ride.
Gov. Gavin Newsom and lawmakers last year agreed to distribute $4 billion to the state’s three higher education systems with a mix of loans and grants through 2024-25 — which would add at least 20,000 beds at affordable rents. Fast forward to January 2023 and California’s facing a then-$22.5 billion deficit, and his administration wanted to delay some of the money by at least a year.