The California Assembly passed the Affordable Housing Bond Act on June 3, putting the $10 billion bond measure one step closer to reaching the voters.
Assembly Bill 736, proposed by Assemblymember Buffy Wicks, an Oakland Democrat, would authorize the general obligation bond measure to be placed on the June 2, 2026, statewide primary election ballot.
The bond would fund affordable rental housing and homeownership programs, including the Multifamily Housing Program, CalHOME, and the Joe Serna Jr. Farmworker Housing Grant, to provide aid to low-income and homeless families and individuals, according to AB 736.
A state Senate companion bill, SB 417, was introduced by Democratic Sen. Christopher Cabaldon of Yolo in February, at the same time as AB 736….