California will ask voters to approve $11.25 billion in November to fund affordable housing projects

California voters will decide this November whether to approve an $11.25 billion affordable housing bond. This POLITICO Pro Bill Analysis breaks down what’s in the proposal, how funding would be allocated and what it could mean for housing policy across the state.

What you’ll learn

• How the proposed bond would fund affordable housing and homeownership programs
• Which housing initiatives, agencies and programs would receive funding
• What happens next as the measure heads to California voters

Why this matters

Housing affordability remains one of California’s defining policy challenges. Understanding the structure of this ballot measure—and the policy decisions surrounding it—can help organizations prepare for potential funding opportunities, implementation priorities and broader housing policy developments.

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