Quick Guide to Propositions
Authorizes Bonds for Housing Affordability Programs. Legislative Statute.
Authorizes Bonds for Housing Affordability Programs. Legislative Statute.
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. Fiscal Impact: Increased state cost of $500 million to $600 million annually for about 25 years to repay the housing bond. Supporters: US Vets; CA Federation of Teachers; Self-Help for the Elderly; Habitat for Humanity CA; CA Alliance of Child & Family Services Opponents: None submitted
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 
and adjustments from the most recent Political Reform Division analysis.
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 campaign finance search engine.
Yes on Prop 1
02/17/2026
09/08/2026
08/19/2026
08/19/2026
08/31/2026
07/29/2026
09/01/2026
09/14/2026
07/09/2026
07/29/2026
No on Prop 1
What your vote means
Yes
A YES vote on this measure means: The state could borrow $11.25 billion to support veterans and affordable housing.
No
A NO vote on this measure means: The state could not borrow $11.25 billion to support 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...
- Read the California Voter Information Guide.
Arguments
Pro
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.
Con
NO ARGUMENT AGAINST PROPOSITION 1 WAS SUBMITTED.