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Morning Report

Real Estate Developer Fails To Provide Housing For Unhoused, Despite Millions In State Funding

KQED News Staff
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Shangri-La
In King City, in Monterey County, Shangri-La Industries received $12.2 million in Homekey funds in mid-2022 to turn an approximately 45-unit motel (top image) into housing. The bottom image is a rendering of the proposed final conversion. However, the project remains unfinished and is more than a year past its target opening date. (Photo courtesy of King City Mayor Mike LeBarre)

Homekey Recipient Fails To Build Housing For Homeless

If we’re spending tens of billions of dollars fighting homelessness, why isn’t the problem getting better? An investigation by KCRW and The California Newsroom looked at the massive failures of one major recipient of Governor Gavin Newsom’s Homekey program. That’s his administration’s big effort to turn buildings like hotels and motels into low income housing, which has cost more than $3 billion since it launched in 2020.
Guest: Anna Scott, Reporter KCRW

Newsom To Unveil Spending Plan

Governor Newsom is expected to release the state’s spending plan on Wednesday morning. This comes as the state is dealing with a $68 billion shortfall.
Reporter: Billy Cruz, The California Report

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