Proposition 1

Bonds to Fund Veterans' and Affordable Housing

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Would authorize $4 billion in general obligation bonds for existing affordable housing programs for low-income residents, veterans, farmworkers, manufactured and mobile homes, infill, and transit-oriented housing. Proposition 1 is a legislative statute and statewide bond proposition.

Fiscal impact: Would increase 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.

Semi-official results:

Yes: 2,165,505 (52.6%)

No: 1,951,752 (47.4%)

Details

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