A November ballot measure is expected to ease local government borrowing for infrastructure and housing but exclude buying single-family homes, due to a recent deal with the state real estate lobby.
The negotiation for the exemption of single-family home purchases in the legislation, allowing the California Association of Realtors to withdraw opposition to the Nov. 5 ballot measure.
Assemblymember Cecilia Aguiar-Curry's amendment aims to lower the electoral threshold for infrastructure and housing bonds from two-thirds to 55%, facing implementation challenges that led to further bills and negotiations.
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