California Legislature Approves $11.25 Billion Affordable Housing Bond for November Ballot
The California Legislature has approved an $11.25 billion affordable housing bond, which, pending gubernatorial signature, is slated for the November 3 statewide general election ballot. Designated as the Veterans and Affordable Housing Bond Act of 2026, the measure seeks to expand funding for affordable rental housing, veteran accommodations, farmworker residences, student housing, and critical infrastructure supporting new residential development throughout California.