Authorizes Bonds to Fund Specified Housing Assistance Programs
California Ballot Measure - Proposition 1
Election: Nov. 6, 2018 (General)
Outcome: Passed
Categories:
Housing and PropertyGovernment Budget and Spending
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.
Resources
Official Summary
Source