California · Ballot measure · November 3, 2026
Proposition 1
Independent information project. Not an official government website.
Authorizes Bonds for Housing Affordability Programs.
Official ballot information
- Official summary
- 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.
- A YES vote means
- The state could borrow $11.25 billion to support veterans and affordable housing.
- A NO vote means
- The state could not borrow $11.25 billion to support veterans and affordable housing.
- Fiscal impact
- Increased state cost of $500 million to $600 million annually for about 25 years to repay the housing bond.
- Official links
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Official voter guide page (external site, opens in new tab)
Full text of proposed law (PDF) (external site, opens in new tab)
Legislative analyst's analysis (external site, opens in new tab)
Ballot arguments
In favor
Prop. 1 builds affordable homes for veterans, seniors, people with disabilities, low- and middle-income working families, vulnerable Californians and essential workers—teachers, firefighters and nurses. Expands homeownership opportunities, fast-tracks affordable shovel-ready homes, helps those one crisis away from homelessness. Requires strict fiscal accountability and public oversight with no new taxes.
Against
No argument against was found in the source reviewed.Official party recommendations
Democratic Party
Support
Republican Party
Neutral