$2.85B housing bill makes November ballot
May
19
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.



