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Proposition 37
Proposition 37
California · November 3, 2026
What this measure does
Establish a second mortgage homebuyer program for qualified homebuyers on qualifying homes and issue $25 billion in bonds to fund the program
A yes vote means
California borrows $25 billion and creates a second mortgage program to help qualified homebuyers afford homes.
A no vote means
The state does not create this second mortgage program or borrow the $25 billion for this purpose.
Simple explanation
Imagine the state is offering to help certain first-time homebuyers by giving them a second loan to cover part of the down payment or closing costs, making it easier to afford a home. The state would borrow $25 billion (by selling bonds that get paid back over time) to fund this program for people who qualify.
Who's for it, who's against it
Support
- Antonio Villaraigosa (D) - Gubernatorial candidate
- California Association of Realtors
- California State Controller Malia Cohen (D)
- California State Treasurer Fiona Ma (D)
- Former California Senate Majority Leader and Assembly Speaker Robert Hertzberg (D), sponsor of the initiative
- Former Senate Majority Leader and Assembly Speaker Robert Hertzberg (D)
- Former Senate President pro Tempore and Sacramento Mayor Darrell Steinberg (D)
- Katie Porter (D) - Gubernatorial candidate and former U.S. Representative
- Matt Mahan (D) - Gubernatorial candidate and Mayor of San Jose
- Northern California Carpenters Regional Council
- Pete Rodriguez, second general vice president of the United Brotherhood of Carpenters
- Tamara Suminski, president of California Association of Realtors
- Tony Thurmond (D) - Gubernatorial candidate and California Superintendent of Public Instruction
- United Brotherhood of Carpenters and Joiners of America
- Western States Regional Council of Carpenters
- Xavier Becerra (D) - Gubernatorial candidate and former U.S. Secretary of Health and Human Services
Source: Ballotpedia