California Gov. Gavin Newsom (D) announced a budget plan Thursday that proposes nearly doubling what the state currently spends on its homelessness epidemic.

Newsom, who took office in January, emphasized the state’s increasing cost of living ― an issue linked to homelessness ― in a statement accompanying the budget proposal.

“This budget fortifies California’s fiscal position while making long-sighted investments to increase affordability for California families,” he said. “The affordability crisis families face in this state is very real, and that’s why this budget tackles those challenges head-on by focusing on housing, health care, early childhood and higher education.”

If approved, the state budget will set aside $1 billion to address homelessness, up from the around $500 million former Gov. Jerry Brown (D) submitted in his last budget.