The state could borrow $11.25 billion to support veterans and affordable housing.
PROP1
California · November 3, 2026 · upcoming
AUTHORIZES BONDS FOR HOUSING AFFORDABILITY PROGRAMS.
Authorizes $11.25 billion in state general obligation bonds for housing affordability programs, including multifamily rental housing, mortgages for veterans, supportive housing, preservation of existing affordable housing, and downpayment assistance.
What your vote means
Yes or No, in the state's words
The state could not borrow $11.25 billion to support veterans and affordable housing.
What the state says it may cost or change
Increased state cost of $500 million to $600 million annually for about 25 years to repay the housing bond.
Read the full analysis
The Quick Reference Guide does not publish a separate current-law sentence for this proposition. Election.org does not infer one. The Legislative Analyst's analysis in the official proposition PDF explains the baseline law.
Open official analysis ↗Placed by the Legislature
The official guide labels this measure as put on the ballot by the Legislature. This is a source classification, not an Election.org judgment.
Not available before Election Day
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Attributed positions
Who the official quick guide lists
US Vets; CA Federation of Teachers; Self-Help for the Elderly; Habitat for Humanity CA; CA Alliance of Child & Family Services
None submitted
Arguments are the opinions of their authors and have not been checked for accuracy by an official agency.