Bill > AB736

This bill proposes the Affordable Housing Bond Act of 2026, which would authorize the issuance of $10 billion in state general obligation bonds to fund various affordable housing programs. If approved by voters in the June 2026 primary election, the bond funds would be allocated across several key housing initiatives: $5 billion for the Multifamily Housing Program (with at least 10% of units reserved for extremely low-income households), $1.7 billion for supportive housing, $800 million for the Portfolio Reinvestment Program, $500 million for acquisition and rehabilitation of housing units, $1 billion for home ownership programs like CalHome, $350 million for farmworker housing grants, $250 million for tribal housing initiatives, and $400 million for the Infill Infrastructure Grant Program. The bill requires that the bonds be repaid through additional state revenue collections, and it allows for flexibility in program implementation and fund allocation. The bonds would have a maximum maturity of 35 years, and the legislation is designed to be implemented immediately to support California's affordable housing efforts by providing substantial funding for rental and ownership housing across various demographic and geographic needs.

Budget and Finance, Housing and Urban Affairs

https://leginfo.legislature.ca.gov/faces/billStatusClient.xhtml?bill_id=202520260AB736