After earlier attempts failed, Assemblywoman Buffy Wicks and Senator Christopher Cabaldon have reintroduced a plan for a $10 billion bond aimed at affordable housing for the June 2026 ballot. This proposal, crucial for low-income and homelessness support, addresses California's urgent housing crisis. Prioritizing this measure over school renovations and climate resilience, which were successfully passed, presents an imperative need amid fiscal constraints. The state's limited capacity for new bonds and concerns over voter willingness for tax increases complicate the bond's prospects, especially given the recent successful mental health funding measure for vulnerable populations.
East Bay Assemblywoman Buffy Wicks stated that the proposed $10 billion bond is crucial to address the urgent need for affordable housing, amidst fiscal challenges.
Wicks emphasized the necessity of acting with urgency to provide safe and stable housing, given the overwhelming demand in the current economic climate.
The proposal aims to meet the staggering need for low-income rental and supportive housing, highlighting a critical gap in housing solutions for vulnerable populations.
With prior bond measures already in place, the chances of dual housing bonds on the ballot raised concerns about voter support for increased housing funding.
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