PROPOSITION 1 SB 417 (Limón) The Veterans and Affordable Housing Bond Act of 2026
On the ballot CA · 2026-11-03
In plain English
This ballot measure would authorize the state to borrow money by issuing bonds (a type of loan). The borrowed money would be used for housing programs for veterans and affordable housing for lower-income Californians.
If this passes
What would actually change. No predictions, no opinions.
- The state would be allowed to issue bonds and borrow money for these housing programs
- Borrowed funds would go toward housing for veterans and affordable housing projects
- The state would need to repay the borrowed money over time, typically from the state budget
Who's funding each side
Supporting (Yes)
$1552.8M
Top donors
AIDS Healthcare Foundation$65.1M
California Teachers Association Issues PAC$47.8M
Michael R BloombergFounder, Bloomberg LP
$46.1M
Opposing (No)
$2290.7M
Top donors
Margaret WhitmanRetired Business Owner, N/A
$144.2M California Apartment Association Issues Committee$89.0M
Essex Property Trust, Inc., And Affiliated Entities$59.3M
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candidates or measures. Every number on this page comes from official disclosure filings, cited below.
Sources
- Measure text and title: official ballot materials.
- Committee finance: campaign disclosure filings (Forms 460 & 497) filed with the California Secretary of State (Cal-Access).
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