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Updated:   2026-02-04

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Measure
Authors Wicks   Haney   Quirk-Silva  
Principle Coauthors: Ransom   Arreguín   Becker   Blakespear   Cabaldon   Wiener  
Coauthors: Alvarez   Ávila Farías   Bennett   Berman   Caloza   Connolly   Mark González   Harabedian   Jackson   Kalra   Krell   McKinnor   Muratsuchi   Nguyen   Schiavo   Schultz   Soria   Ward   Wilson   Zbur   Ashby   Grayson   Pérez   Umberg  
Subject The Affordable Housing Bond Act of 2026.
Relating To relating to housing, by providing the funds necessary therefor through an election for the issuance and sale of bonds of the State of California and for the handling and disposition of those funds.
Title An act to add Part 16.1 (commencing with Section 54050) to Division 31 of the Health and Safety Code, relating to housing, by providing the funds necessary therefor through an election for the issuance and sale of bonds of the State of California and for the handling and disposition of those funds, and declaring the urgency thereof, to take effect immediately.
Last Action Dt 2025-04-10
State Amended Assembly
Status Pending Referral
Flags
Vote Req Approp Fiscal Cmte Local Prog Subs Chgs Urgency Tax Levy Active?
Two Thirds No Yes No None Yes No Y
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Leginfo Link  
Bill Actions
2025-06-04     In Senate. Read first time. To Com. on RLS. for assignment.
2025-06-03     Read third time. Urgency clause adopted. Passed. Ordered to the Senate. (Ayes 65. Noes 11. Page 1980.).
2025-05-27     Read second time. Ordered to third reading.
2025-05-23     From committee: Do pass. (Ayes 11. Noes 2.) (May 23).
2025-04-30     In committee: Set, first hearing. Referred to suspense file.
2025-04-21     Re-referred to Com. on APPR.
2025-04-10     Read second time and amended.
2025-04-09     From committee: Amend, and do pass as amended and re-refer to Com. on APPR. (Ayes 10. Noes 1.) (April 9).
2025-03-03     Referred to Com. on H. & C.D.
2025-02-19     Introduced measure version corrected.
2025-02-19     From printer. May be heard in committee March 21.
2025-02-18     Read first time. To print.
Versions
Amended Assembly     2025-04-10
Introduced     2025-02-18
Analyses TBD
Latest Text Bill Full Text
Latest Text Digest

Under existing law, there are programs providing assistance for, among other things, emergency housing, multifamily housing, farmworker housing, home ownership for very low and low-income households, and downpayment assistance for first-time home buyers. Existing law also authorizes the issuance of bonds in specified amounts pursuant to the State General Obligation Bond Law and requires that proceeds from the sale of these bonds be used to finance various existing housing programs, capital outlay related to infill development, brownfield cleanup that promotes infill development, and housing-related parks.

This bill would enact the Affordable Housing Bond Act of 2026, which, if adopted, would authorize the issuance of bonds in the amount of $10,000,000,000 pursuant to the State General Obligation Bond Law. Proceeds from the sale of these bonds would be used to finance programs to fund affordable rental housing and home ownership programs, including, among others, the Multifamily Housing Program, the CalHome Program, and the Joe Serna, Jr. Farmworker Housing Grant Program.

This bill would provide for submission of the bond act to the voters at the June 2, 2026, statewide primary election, in accordance with specified law.

This bill would declare that it is to take effect immediately as an urgency statute.