Initiative Constitutional Amendment. Adds Article XXVII to Constitution. Creates State housing Agency. Authorizes State to guarantee obligations of, and furnish operating subsidiaries to, public housing authorities, expenditures for such purpose not to exceed $25,000,000 annually. Authorizes State bonds up to $100,000,000 to finance State loans to public housing authorities and private non-profit housing associations; bond principal and interest to be paid from State tax revenues. Prescribes State and local government powers, eminent domain and other powers of housing authority. Regulates taxation of housing authority property. Exempts local housing authority bonds from taxation.
Popular Vote Results
Y: 1042089; A: 30.5; N: 2372646; B: 69.5
Rt. Rev. Msgr. Thomas J. O'Dwyer, Chairman, California Housing Initiative Committee; John F. Shelley, President, State Federation of Labor, California; Dr. Vada Somerville, Past President L. A. Metropolitan Council of Negro Women; Senator Chris N. Jespersen, Senator, San Luis Obispo County; Mrs. Horace Gray, Housing Consultant, League of Women Voters of California
Frank P. Merriam, Former Governor of California, Long Beach, California; George L. Eastman, Hollywood, California; J. W. O'Sullivan, Chairman, Housing Committee, Dept. of California; Amvets, Los Angeles, California; Mrs. Leiland Atherton Irish, Hollywood, California; Milton J. Brock, Sr., President, National Ass'n. of Home Builders, Los Angeles, California; Raymond M. Young, Manufacturer, Berkeley, California; Carleton B. Tibbetts, San Marino, California; Earl W. Smith, Chairman, Home Builders Council of California, San Francisco, California; Ray D. Nichols, Oakland, California; Joe D. Dickey, Fresno, California; Harold C. Geyer, Monterey, California; Frederick C. Dockweiler, Attorney, Los Angeles, California; Laguna Beach Chamber of Commerce
HOUSING California Proposition 14 (1948).