Prop. 1 would generate billions for new housing. Here’s how it would be spent

Local News · California · October 16, 2026

From CalMatters

California needs to build a lot more housing. But to do that, it’s going to need a lot of money.  Proposition 1 would enable the state to borrow $11.25 billion for housing, but where exactly would the money go if it passes? As CalMatters’ Marisa Kendall explains, Prop.

Reported by CalMatters, October 16, 2026. Read the full story at CalMatters →