Proposition Summary

Authorizes $4 billion of state general obligation bonds to fund existing housing programs. Includes $1.5 billion for Multifamily Housing Program for low-income residents, $1 billion for loans to help veterans purchase farms and homes, $450 million for infill and transit-oriented housing projects, $300 million for farmworker housing program, and $300 million for manufactured and mobile homes. Provides housing assistance for buyers, infrastructure financing, and matching grants to expand affordable housing stock. Appropriates General Fund revenues to pay off bonds for existing programs that have no revenues or insufficient revenues. Fiscal Impact: Increased state costs to repay bonds averaging about $170 million annually over the next 35 years. These bond funds would be used to provide affordable housing.

Proposition Number

1

Year

2018

Document Type

Proposition

Pass/Fail

Pass

Legislative Vote Results

FINAL VOTES CAST BY THE LEGISLATURE ON SB 3 (PROPOSITION 1) (CHAPTER 365, STATUTES OF 2017) Senate: Ayes 30 Noes 8 Assembly: Ayes 56 Noes 21

Popular Vote Results

Y:6751018; A:56.2; N:5258157; B:43.8

Election Type

General Election

Proposition Type

Legislative Statute

Code Sections Affected

Health and Safety Code and the Military and Veterans Code

For Author

GERALD G. WILSON, Past State Commander Disabled American Veterans, Department of California SHARON ELLIS, Chair Habitat for Humanity California GARY PASSMORE, President Congress of California Seniors

Against Author

KATHY MOORE, Executive Director California Partnership to End Domestic Violence; DEBORAH JOHNSON, President California Veterans Assistance Foundation; JENNIFER HARK DIETZ, LCSW, Executive Director People Assisting The Homeless (PATH)

Rebuttal Author

GARY WESLEY

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