PROP
1

AUTHORIZES BONDS TO FUND SPECIFIED HOUSING ASSISTANCE PROGRAMS. LEGISLATIVE STATUTE.

AUTHORIZES BONDS TO FUND SPECIFIED HOUSING ASSISTANCE PROGRAMS. LEGISLATIVE STATUTE.

Summary

Authorizes $4 billion in general obligation bonds for existing affordable housing programs for low-income residents, veterans, farmworkers, manufactured and mobile homes, infill, and transit-oriented housing. Fiscal Impact: Increased state costs to repay bonds averaging about $170 million annually over the next 35 years.

Money Raised

Chart depicts total fundraising by all committees primarily formed for and against Prop 1.Totals are updated daily with contributions from Power Search opens new window and adjustments from the most recent Political Reform Division analysis. opens new window

Largest Contributions

Showing the 10 largest contributions to committees formed primarily for and against Prop 1 in the election cycle when it appeared on the ballot. Contributions in earlier election cycles and contributions between allied committees are excluded. For more information on funding for ballot measure campaigns, visit the Power Search opens new window campaign finance search engine.

Yes on Prop 1

Chan Zuckerberg Advocacy
06/29/2018
$250,000
PG&E Corporation
10/05/2018
$250,000
Chevron Policy Government & Public Affairs
10/10/2018
$250,000
No on Prop 10; Californians for Responsible Housing
11/01/2018
$174,400
Members' Voice of the State Building and Construction Trades Council of California
03/07/2018
$150,000
Essex Property Trust, Inc.
08/10/2018
$150,000
Southern California Edison
10/29/2018
$150,000
Kaiser Foundation Health Plan, Inc. and the Hospitals
09/18/2018
$125,000
Kaiser Foundation Health Plan, Inc. and the Hospitals
10/03/2018
$125,000
Salesforce, Inc.
10/15/2018
$125,000

No on Prop 1

No contributions have been reported to the No on 1 campaign in the election cycle when it appeared on the ballot.

What your vote means

Yes

A YES vote on this measure means: Allows the state to sell $4 billion in general obligation bonds to fund veterans and affordable housing.

No

A NO vote on this measure means: The state could not sell $4 billion in general obligation bonds to fund veterans and affordable housing.

More on Proposition 1

For background on Proposition 1, an analysis by the legislative analyst, endorsements for and against the measure, and more...

Arguments

Pro

YES on Prop. 1 means affordable housing for veterans, working families, seniors, people with disabilities and Californians experiencing homelessness from California's severe housing crisis. Prop. 1 doesn't raise taxes! Veterans, Habitat for Humanity, Congress of CA Seniors, Coalition to End Domestic Violence and more all agree: Yes on Prop. 1.

Con

Proposition 1 would authorize the State to borrow $4 billion (by selling bonds) for housing programs. The housing shortage stemming from the influx of millions to California requires far bigger solutions. A bad solution proposed earlier this year (Senate Bill 827) would have destroyed existing neighborhoods. There are BETTER APPROACHES.