California Voters Approve Two Housing MeasuresVoters Back Public Investment to Tackle California’s Housing CostsCalifornia Adds Billions in Housing Debt Without Fixing Building Barriers
On November 3, California voters approved Propositions 1 and 37, backing billions of dollars in housing bonds and a down-payment assistance program. Preliminary results showed each measure with about 60% support.On November 3, Californians approved two housing measures, including $11.25 billion in bonds for affordable homes and a down-payment program. The results show voters want government resources directed toward housing affordability.On November 3, California voters approved two housing bond measures, including $11.25 billion in state borrowing for housing. Repayment of Proposition 1 is expected to cost taxpayers up to $600 million annually for about 25 years.