A for sale sign in front of a home in the Tower District in central Fresno on June 28, 2022. Photo by Larry Valenzuela, CalMatters/CatchLight LocalThe California Association of Realtors agrees not to oppose a constitutional amendment to reduce the voter approval threshold for housing bonds. In exchange, the measure will not apply to single-family homes. Some housing advocates are angry about the carve-out.
Next Thursday is the deadline for state lawmakers to get their preferred initiatives finalized for the Nov. 5 ballot. That makes these final weeks of June peak sausage-making season in the state Capitol.that would lower the electoral bar that local infrastructure and housing bonds need to clear. Currently, that threshold sits at a heightened two-thirds majority of voters.
Exempting single-family homes from a statewide affordable housing policy is also symbolically hard to swallow, said Francisco Dueñas, executive director of the nonprofit advocacy organization Housing Now! Dueñas also said the new restrictions on bond funds would prohibit local governments from pursuing novel approaches to housing affordability, including
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