-
A “yes” vote supports authorizing the state to issue $11.25 billion in bonds to fund income-qualified housing programs, such as the Multifamily Housing Program, the CalHome Program, and the Joe Serna, Jr. Farmworker Housing Grant Program, and the veteran home loan program.
State Asm. Buffy Wicks (D-14), who coauthored the bill:
““We all know the stats in California — two-thirds of lower-income renters are rent-burdened, 170,000 people are unsheltered, and we are 1.2 million units short of the affordable housing we need. But what gets lost when we’re counting housing units and debating dollars and cents is that we’re really talking about families who need a roof over their heads. Time and time again, we say that housing affordability and homelessness are top priorities, so it’s incumbent on us to put our money where our mouth is and invest in housing programs that have proven their ability to deliver real results. What we can’t afford is to wait.”
State Sen. Christopher Cabaldon (D-3):
“With one vote, California will build tens of thousands of new homes, prevent existing affordable housing from disappearing, and help Californians who need a hand to buy a home or partner with organizations like Habitat for Humanity. The legislation builds rooftops for homeless and foster youth, students, and farmworkers, and supports our veterans with the largest-ever investment in the CalVet home loan program.”
Ray Pearl, executive director of the California Housing Consortium:
“The Legislature and Governor have shown true leadership in getting this bond to the finish line, in spite of the fiscal challenges facing the state and the many competing interests for scarce public resources. There is a reason this legislation has remained such a priority: This bond can make a real difference in the lives of Californians — helping build and preserve the affordable homes every community desperately needs. We look forward to its final passage later this week, and we are ready to encourage voters to support this measure on the ballot in November.”
You must be logged in to reply to this topic.