@cbsla: California voters have approved Proposition 1, authorizing the state to sell $11.25 billion in bonds to fund affordable housing programs, the Associated Press projected. Written by state lawmakers, the measure aims to provide up to 40,000 multifamily rental units and assist another 40,000 households in buying a home, specifically targeting veterans, seniors, teachers and essential workers. Of the $11.25 billion in bonds, $1.25 billion would go towards veteran housing, while the rest would fund rental homes, homeownership programs, farmworker housing, affordable student housing, tribal housing and more.

CBS LA

Open In TikTok:

Region: US

Wednesday 04 November 2026 21:15:52 GMT