It’s the first phase of grants from the Rapid Capital Housing Acquisition program, part of the state’s Housing Trust Fund at Commerce. The capital budget penciled out about $93.8 million for the purchase or rental of property that can be quickly changed to “enhanced emergency shelters, permanent supportive housing, transitional housing, youth housing, permanent housing, drop-in centers or shelters,” according to a news release.
“This funding will rapidly add units we need to keep more people housed as the economic impact of the pandemic continues to stress local resources,” said Commerce Director Lisa Brown.