summary
Introduced
02/18/2025
02/18/2025
In Committee
01/22/2026
01/22/2026
Crossed Over
01/27/2026
01/27/2026
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, known as the Affordable Housing Bond Act of 2026, proposes to authorize the issuance of $10 billion in state bonds to fund various affordable housing programs. If approved by voters, the funds will be allocated to initiatives such as the Multifamily Housing Program, the CalHome Program for homeownership, and the Joe Serna, Jr. Farmworker Housing Grant Program, with specific amounts designated for rental housing, supportive housing, portfolio reinvestment, unrestricted housing acquisition and rehabilitation, wildfire prevention and assistance, and tribal housing. The bill also includes provisions for the administration and fiscal management of these bonds, ensuring their proceeds are used effectively to promote affordable housing development and maintain tax-exempt status, and it declares an urgency to allow for immediate preparation for the bond issuance.
Committee Categories
Budget and Finance, Housing and Urban Affairs
Sponsors (26)
Jesse Arreguin (D)*,
Josh Becker (D)*,
Christopher Cabaldon (D)*,
Anna Caballero (D)*,
Aisha Wahab (D)*,
Scott Wiener (D)*,
Dawn Addis (D),
Patrick Ahrens (D),
David Alvarez (D),
Angelique Ashby (D),
Anamarie Avila Farias (D),
Marc Berman (D),
Catherine Blakespear (D),
Damon Connolly (D),
Mark González (D),
Tim Grayson (D),
Matt Haney (D),
John Harabedian (D),
Maggy Krell (D),
Eloise Reyes (D),
Nick Schultz (D),
Tom Umberg (D),
Chris Ward (D),
Buffy Wicks (D),
Lori Wilson (D),
Rick Zbur (D),
Last Action
In Assembly. Read first time. Held at Desk. (on 01/27/2026)
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