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25 of 55 · State · Yes/No

State · Yes/No

Proposition 1 — Housing Affordability Bonds

Authorizes $11.25 billion in bonds for affordable housing and veterans’ home loans. The state General Fund would repay $10 billion; participating veterans would repay $1.25 billion through their mortgage payments.

A yes vote means

The state could issue these bonds to fund housing programs and veterans’ home loans.

A no vote means

The state could not issue these bonds. Existing housing programs would continue without this additional bond funding.

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