summary
Introduced
02/18/2025
02/18/2025
In Committee
05/14/2026
05/14/2026
Crossed Over
06/03/2025
06/03/2025
Passed
Dead
Introduced Session
2025-2026 Regular Session
Bill Summary
An act to add Part 16.1 (commencing with Section 54050) to Division 31 of the Health and Safety Code, relating to housing, by providing the funds necessary therefor through an election for the issuance and sale of bonds of the State of California and for the handling and disposition of those funds, and declaring the urgency thereof, to take effect immediately.
AI Summary
This bill, the Affordable Housing Bond Act of 2026, authorizes the issuance of $10,000,000,000 in bonds to fund affordable housing programs across California, with the funds to be used in the 2026 fiscal year and potentially beyond.
* **Multifamily Housing Program:** $5,000,000,000 from the sale of bonds will be deposited into the Housing Rehabilitation Loan Fund to support the Multifamily Housing Program, with at least 10% of units in each development being affordable to extremely low-income households.
* **Supportive Housing:** $1,700,000,000 from the sale of bonds will be deposited into the Housing Rehabilitation Loan Fund for supportive housing under the Multifamily Housing Program, including capitalized operating subsidy reserves.
* **Home Ownership Programs:** $1,000,000,000 from the sale of bonds will be appropriated to fund home ownership opportunities through the CalHome Program and a home purchase assistance program.
* **Portfolio Reinvestment Program:** $800,000,000 from the sale of bonds will be appropriated to the Portfolio Reinvestment Program.
* **Acquisition and Rehabilitation of Unrestricted Housing:** $500,000,000 from the sale of bonds will be appropriated to a program for acquiring and rehabilitating unrestricted housing units, attaching long-term affordability restrictions, and preventing displacement.
* **Joe Serna, Jr. Farmworker Housing Grant Program:** $350,000,000 from the sale of bonds will be appropriated to the Joe Serna, Jr. Farmworker Housing Grant Program.
* **Tribal Housing Program:** $250,000,000 from the sale of bonds will be appropriated to a dedicated program for tribes to finance housing and housing-related activities.
* **Infill Infrastructure Grant Program:** $400,000,000 from the sale of bonds will be appropriated to the Infill Infrastructure Grant Program of 2019.
The bonds will be issued and sold under the State General Obligation Bond Law and will mature no later than 35 years from their issuance date. The act will be submitted to voters at the June 2, 2026, statewide primary election and takes effect immediately as an urgency statute.
Committee Categories
Budget and Finance, Housing and Urban Affairs
Sponsors (33)
Matt Haney (D)*,
Sharon Quirk-Silva (D)*,
Rhodesia Ransom (D)*,
Buffy Wicks (D)*,
David Alvarez (D),
Jesse Arreguin (D),
Angelique Ashby (D),
Anamarie Avila Farias (D),
Josh Becker (D),
Steve Bennett (D),
Marc Berman (D),
Catherine Blakespear (D),
Christopher Cabaldon (D),
Jessica Caloza (D),
Damon Connolly (D),
Mark González (D),
Tim Grayson (D),
John Harabedian (D),
Corey Jackson (D),
Ash Kalra (D),
Maggy Krell (D),
Tina McKinnor (D),
Al Muratsuchi (D),
Stephanie Nguyen (D),
Sasha Perez (D),
Pilar Schiavo (D),
Nick Schultz (D),
Esmeralda Soria (D),
Tom Umberg (D),
Chris Ward (D),
Scott Wiener (D),
Lori Wilson (D),
Rick Zbur (D),
Last Action
Read second time. Ordered to third reading. (on 05/14/2026)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://leginfo.legislature.ca.gov/faces/billStatusClient.xhtml?bill_id=202520260AB736 | 02/18/2025 |
| BillText | https://leginfo.legislature.ca.gov/faces/billTextClient.xhtml?bill_id=202520260AB736#98AMD | 04/10/2025 |
| BillText | https://leginfo.legislature.ca.gov/faces/billTextClient.xhtml?bill_id=202520260AB736#99INT | 02/18/2025 |
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