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California's $11.25B Housing Bond | Real Estate News
California voters are being asked to approve an $11.25 billion bond to tackle its worsening housing crisis, with $10 billion boosting existing affordable housing programs and $1.25 billion specifically for veterans’ home purchases. As soaring costs push families out of the state, supporters argue bold investment is essential—especially with a shortage of over a million affordable units. Critics question the long-term cost, noting repayment via taxpayer dollars over 35 years, and suggest regulatory reform might be more effective. Experts agree action is urgent, but warn the bond’s impact will…
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