YES on Prop. 1 – Authorizes Bonds for Housing Affordability Programs

Note: this post will be periodically updated! (10/07/2026)

VOTER GUIDE – QUICK LINKS:

Support our Veterans and Make California Affordable Again!!

What’s the Background? Affordable housing has increasingly become an issue in California. Only 17% of California households can afford a median-priced home. More than half of renters are spending over 30% of their income on housing, nearly 170,000 Californians are unsheltered, and the state is roughly 2.5 million homes short. California is also home to about 28% of all homeless veterans in the country – people who sacrificed for us and expected us to care about them when they came home. Proposition 1 addresses this growing need by authorizing the sale of $11.25 billion in general obligation bonds to fund a portion of the cost to construct affordable housing – providing local governments, non-profit organizations, developers, and individuals with grants or low-cost loans.

What would Proposition 1 do?

  • Fund $1.25 billion in home loan assistance to veterans, repaid by veteran’s home loan payments with no cost to taxpayers.
  • Fund $10 billion in state housing programs, repaid by the General Fund at a cost of $500-$600 million annually or roughly 0.25% of the state’s General Fund budget over about 25 years.
  • Help up to 40,000 households including about 2,100 veterans with homeownership by providing homebuyer assistance and supporting the production and repair of homes.
  • Provide subsidies for up to 40,000 multifamily rentals, 2,500 units for farmworkers, and 1,200 beds for university students.
  • Create thousands of construction-related jobs.
FundsPurposeDetails
$1.25 billionProvides home loans to eligible veterans, including those who may not otherwise qualify for a home loan. It follows on the heels of previous veteran home loan programs that have now ended and is the largest investment in California veteran’s home ownership ever!Used for purchase of single-family residences, condominiums, farms, and mobile homes – continuing California’s tradition of offering low-interest home loans to military veterans. The cost is repaid through veteran’s home loan payments with no additional cost to the state – paying our veterans back for their sacrifice without spending a dime!
$7.2 billionTo acquire, build, or renovate rental housing (such as apartment buildings) using low-interest loans to local governments and private developers to fund part of the project cost.In exchange for low interest loans, projects reserve units for low-income households and reserve some funding for supportive housing including on-site services for things like mental health and substance use counseling for some residents.
$1.1 billionTo support homeownership for low- and moderate-income households.Some funds used to provide homebuying assistance for first-time homebuyers. Other funds provided for nonprofit organizations and other entities for activities such as acquiring land to build homes for low-income buyers and repairing existing homes owned by low-income households.
$500 millionFor infrastructure projects supporting affordable housing, e.g., water, sewage, parks, and transportation improvements. 
$450 millionLoans and grants to build or renovate housing for farmworkers.Funds to be used for both rental and owner-occupied housing.
$350 millionTo provide affordable student housing.Split evenly between the UC and California State University systems.
$200 millionGrants to tribes for housing-related purposes including construction, repair of rental or owner-occupied housing. 
$200 millionFor pilot projects aimed at developing housing at reduced costs in cities and counties throughout the state. 

More Resources:

Sample endorsements

SERGEY BRINPATRICK COLLISON
CADEM
Los Angeles dem. Party
California Young Democrats
equality CA
Cause action fund
sierra club
League of Women Voters CA
GAVIN NEWSOM
Central Coast Labor CouncilI
NATIONAL UNION OF HEALTH WORKERS
Santa Barbara Independent
read review here
ADDITIONAL ENDORSING ORGANIZATIONS
Veterans
California Association of Veterans Service Agencies
Swords to Plowshares
US VETS
VetFund Foundation
VFW
Senior Advocates
California Alliance for Retired Americans
Leading Age
Self-Help for the Elderly
Senior and Disability Action
Youth/Education Advocates
Alliance for Children’s Rights
California Alliance of Child and Family Services
California Alliance of Caregivers
California Coalition for Youth
California Federation of Teachers
California State PTA
Housing Providers
Abode Housing Development
Affirmed Housing
Affordable Housing NOW
Affordable Housing Organizing Network of Riverside
All Home
Alliance of Californian for Community Engagement
Artist Space Trust
Alta Housing
Bill Sorro Housing Program
Burbank Housing
California Building Industry Association
California Coalition for Community Investment
California Coalition for Rural Housing
California Community Land Trust Network
California Community Living Network
California Council for Affordable Housing
California Housing Consortium
California Housing Partnership
Call Marin Home
Chinatown Community Development Center
Corporation for Supportive Housing
Council of Community Housing Organizations
Destination: Home
DignityMoves
EAH Housing
East Bay Housing Organizations
East LA Community Corporation
Eden Housing
Enterprise Community Partners 
Habitat for Humanity California
Habitat for Humanity Butte County
Habitat for Humanity East Bay/Silicon Valley
Habitat for Humanity Greater Fresno Area
Habitat for Humanity of Greater Los Angeles
Habitat for Humanity of Greater Sacramento
Habitat for Humanity Greater San Francisco
Habitat for Humanity Inland Valley
Habitat for Humanity Nevada County
Habitat for Humanity Riverside
Habitat for Humanity of Sonoma County
Habitat for Humanity of Ventura County
Habitat for Humanity Yuba Sutter
HEAL
Homes and Hope
Hope Solutions
Housing Accelerator Fund
Housing California
Housing Consortium of the East Bay
Housing El Dorado
Housing Leadership Council of San Mateo County
HousingNow!
Housing Santa Cruz County
Housing Trust Silicon Valley
Inland SoCal Housing Collective
Kennedy Commission
Lanterman Housing Alliance
Lift to Rise
Low Income Investment Fund
Long Beach Community Land Trust

Mercy Housing California
MidPen Housing Corporation
Mountain View Community Land Trust
Neighborhood Partnership Housing Services
Non-Profit Housing Association of Northern California
Operation Dignity
Palo Alto Forward
PATH
People’s Self-Help Housing
Public Advocates
Resources for Community Development
Restoring Hope California
Sacramento Housing Alliance
San Diego Housing Federation
San Francisco Community Land Trust
San Francisco Housing Accelerator Fund
San Francisco Housing Development Corporation
San Francisco Safe House
San Gabriel Community Land Trust
San Joaquin Valley Housing Collaborative 
Satellite Affordable Housing Associates 
Self-Help Enterprises
Silicon Valley at Home
South Bay Community Land Trust
Southern California Association of Nonprofit Housing
Tenants Together
Tenderloin Housing Clinic
Tenderloin Neighborhood Development Corporation
Two Valleys Community Land Trust
Venice Community Housing
Wakeland HousingLabor
AFSCME California
California Federation of Labor Unions
California Professional Firefighters
California School Employees Association
Communication Workers of America District 9
State Building Trades & Construction Council of California

Business Organizations
Bay Area Council
East Bay Leadership Council
Los Angeles Business Council
Riverside County Black Chamber of Commerce
San Gabriel Valley Economic Partnership
Sierra Business Council
Valley Industry & Commerce Association
Community Advocates
AAPIs for Civic Empowerment
Aliados Health
California Calls
Canal Alliance
Courage California
End Poverty in California (EPIC)
GLIDE
League of Women Voters of California
LGBTQ Collaborative
NAACP California Hawaii State Conference
Placer Community Foundation
National Alliance to End Homelessness
Public Interest Law Project
San Francisco Foundation
Environmental 
Asian Pacific Environmental Network Action
Environmental Action Committee of West Marin
The Environmental Center of San Diego
Environmental Protection Information Center 
Sierra Club
Sustainable San Mateo County
Surfrider Foundation
Transportation Advocates
Circulate Planning & Policy
Move LA, a project of Community Partners
Local Government
California State Association of Counties
League of California Cities
South Bay Cities Council of Governments
Democratic Organizations
California Democratic Party
Alice B. Toklas LGBTQ Democratic Club