Some good news could be on the way for California renters or homeowners in jeopardy of losing their homes: state funding could be on the way to help you out.

Governor Gavin Newsom announced a proposal that would deposit $331 million into a trust for non-profits to provide legal assistance for renters facing eviction and homeowners who are on the verge of losing their homes.

Earlier this year the governor included the money as part of his budget proposal, but after bite back from Republicans he reversed that.

"Middle class, those that aspire to get in it, are being slammed, because we have been unable to produce enough housing, to prevent evictions and foreclosures, and unscrupulous practices, and to preserve existing housing stock," said Newsom.

In June Newsom earmarked $20 million through the state's budget in legal assistance to help California renters fight evictions. His latest proposal would add to that money and create a permanent fund for such assistance.