Newsom, legislators back $11.25B bond to boost homebuilding

A proposed state ballot measure for an $11.5 billion bond to pay for affordable housing now has a key backer: Gov. Gavin Newsom. The governor and state lawmakers have cut a deal to place the Veterans and Affordable Housing Bond Act of 2026 on the ballot in November, Realtor.com reported. Newsom is urging voters to adopt the bond aimed at boosting home construction and homeownership rates. The proposed ballot measure includes $10 billion in general obligation bonds to pay for the construction, rehabilitation, acquisition and preservation of affordable housing for lower-income residents. It includes down payment assistance and low-interest mortgage […]

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