California Proposition 1 — Authorizes Bonds for Housing Affordability Programs
Ballot measure · November 3, 2026
- What it does
- Authorizes $11.25 billion in state general obligation bonds for housing affordability programs, including for California veterans, and to finance housing development projects seeking federal tax credits. Allocates funds: $5.1 billion to build and rehabilitate multifamily rental housing; $2.1 billion to acquire, rehabilitate, or preserve affordable housing units, and provide supportive housing for those experiencing homelessness; $1.25 billion for state-funded mortgages for California veterans; $1.1 billion for homeownership and downpayment assistance; $1 billion for farmworker, tribal, and student housing; $500 million for housing infrastructure; and $200 million to support local housing programs. Summary of Legislative Analyst's estimate of net state and local government fiscal impact: Increased state cost of $500 million to $600 million annually for about 25 years to repay the housing bond.
- A YES vote means
- The state could borrow $11.25 billion to support veterans and affordable housing.
- A NO vote means
- The state could not borrow $11.25 billion to support veterans and affordable housing.
- Needed to pass
- A simple majority
- Put on the ballot by
- the Legislature
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Also on California ballots
- Proposition 2 — Increases State’s Rainy Day Fund
- Proposition 3 — Provides Permanent Funding for Schools and Health Care by Extending Existing Tax on High Incomes
- Proposition 4 — Repeals Prohibition Against Public Funding of Election Campaigns
- Proposition 5 — Changes Recall Election Process for Statewide Officers
- Proposition 37 — Creates Loan Program for Middle-Income Buyers of Qualified New Homes
- Proposition 38 — Authorizes Bonds for Immunology Medical Research
- Proposition 39 — Prohibits Citizens from Voting Unless They Present Government-Issued Identification
- Proposition 40 — Imposes One-Time Tax on Certain Taxpayers
- Proposition 41 — Prohibits New State Taxes That Exclude Revenues from State Spending Limit. Requires Audits for New State Special Taxes
- Proposition 42 — Prohibits New State Personal Property Taxes and Certain Retroactive State Taxes
- Proposition 43 — Limits Voters’ Ability to Raise Revenues for Local Government Services
- Proposition 44 — Requires Community Health Clinics Spend 90% Of Revenue on Program Services
- Proposition 45 — Modifies Environmental Review for Certain Projects
Quick answers
- What does a YES vote on California Proposition 1 mean?
- The state could borrow $11.25 billion to support veterans and affordable housing.
- What does a NO vote on California Proposition 1 mean?
- The state could not borrow $11.25 billion to support veterans and affordable housing.
- How many votes does California Proposition 1 need to pass?
- A simple majority
- Should I vote yes or no on California Proposition 1?
- SpectrumVote doesn't endorse anyone or tell you how to vote. Read what a YES and a NO vote each do, and the official text, then decide based on what you want to happen.
- When is the vote?
- The general election is Tuesday, November 3, 2026. Early voting and mail-ballot deadlines vary by state; check your state or county election office.