$2.85B housing bill makes November ballot

From today's SF Business Times,

Californians will vote in November on a measure to raise $2.86 billion for affordable homes, emergency shelters and residential infrastructure around the state.

The measure, which will be Proposition 1C on the ballot, was backed by the affordable-housing advocacy group Housing California. It would sell bonds to finance:

$395 million worth of apartments for seniors, families and people with disabilities.

$50 million for emergency housing assistance. The money would be used to build and renovate emergency shelter and transitional housing for homeless families with children and battered women, among others.

$195 million for a Supportive Housing Program that would build apartments for people with chronic disabilities.

$135 million for farmworker-housing grant programs.

$300 million for the Cal-HOME Program, funding for home ownership.

$1.35 billion for residential infrastructure.