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Proposition 1
Proposition 1
California · November 3, 2026
What this measure does
Issue $11.25 billion in bonds to fund Multifamily Housing Program, CalVet Home Loan Program, and youth housing
A yes vote means
California borrows $11.25 billion to fund housing programs for families, veterans, and young people.
A no vote means
California does not borrow this money and these housing programs don't receive this funding.
Simple explanation
California wants to borrow $11.25 billion (kind of like taking out a loan) to build and improve homes for families, help veterans buy houses, and create housing for young people. You'd be approving the state to take on this debt, which would eventually be paid back through taxes.