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California Ballot Measures in November Can Impact Housing and Real Estate Industry

California voters will decide housing bonds, homebuyer loans, environmental review and tax proposals with implications for the real estate industry.

California Ballot Measures in November Can Impact Housing and Real Estate Industry

By Buck Wargo Real estate will take center stage in California’s mid-term election in November when voters will also decide who’s the next governor. Among the 14 statewide propositions there are several that can have an impact on the housing market. Proposition 1 would allow the state to sell $11.25 billion in bonds to fund various affordable housing programs. Of that total amount, $1.25 billion would go toward veteran housing, while the rest would fund rental homes, homeownership programs, farmworker…

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