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Updated:   2026-02-04

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Measure
Authors Cabaldon  
Principle Coauthors: Arreguín   Becker   Caballero   Wahab   Wiener   Mark González   Wicks  
Coauthors: Ashby   Blakespear   Grayson   Reyes   Umberg   Addis   Ahrens   Alvarez   Ávila Farías   Berman   Connolly   Haney   Harabedian   Krell   Schultz   Ward   Wilson   Zbur  
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 2026-01-22
State Amended Senate
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
2026-01-27     Read third time. Urgency clause adopted. Passed. (Ayes 30. Noes 9.) Ordered to the Assembly.
2026-01-27     In Assembly. Read first time. Held at Desk.
2026-01-26     Read second time. Ordered to third reading.
2026-01-22     From committee: Do pass as amended. (Ayes 5. Noes 2.) (January 22).
2026-01-22     Read second time and amended. Ordered to second reading.
2026-01-21     Set for hearing January 22.
2026-01-20     January 20 hearing: Placed on APPR. suspense file.
2026-01-09     Set for hearing January 20.
2026-01-07     From committee: Do pass and re-refer to Com. on APPR. (Ayes 8. Noes 1.) (January 6). Re-referred to Com. on APPR.
2026-01-05     Set for hearing January 6 in HOUSING pending receipt.
2026-01-05     Referred to Com. on HOUSING.
2025-02-19     From printer. May be acted upon on or after March 21.
2025-02-18     Introduced. Read first time. To Com. on RLS. for assignment. To print.
Versions
Amended Senate     2026-01-22
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 November 3, 2026, statewide general election, in accordance with specified law.

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