California's Department of Housing and Community Development (HCD) has awarded San Luis Obispo with $750,000 to support the development of affordable housing projects.
The award is made possible by California's Prohousing Incentive Program (PIP), a state investment initiative designed to promote affordable housing.
The HCD awards PIP funds to eligible jurisdictions with Prohousing Designations.
San Luis Obispo was recognized as a Prohousing Designation community on Jan. 31, 2024; it is one of 50 in the state.
City officials say the $750,000 will go towards building supportive housing or rental apartments for low and very low-income eligible households.
The City's goal is to accommodate up to 3,354 new homes between 2020 and 2028.
