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Proposition — Housing and Homelessness Bond
Proposition — Housing and Homelessness Bond
Affordable Housing Bond
California · November 3, 2026
What this measure does
California is expected to put a major affordable housing bond on the 2026 ballot. This would allow the state to borrow money — to be repaid over time — to fund construction of affordable apartments, shelter beds, and supportive housing for people experiencing homelessness. The exact amount and terms will be determined closer to the election.
A yes vote means
California borrows money to build affordable housing and shelters for people experiencing homelessness.
A no vote means
California does not borrow money for this affordable housing and homelessness initiative.
Simple explanation
Think of this like California taking out a loan to build affordable apartments and shelters. The state borrows money now to construct housing for people who need it, then pays back that loan over many years — kind of like a mortgage for a house, except it's for the whole state.