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30 of 55 · State · Yes/No
State · Yes/No
Proposition 37 — Homebuyer Loan Program
Creates assistance for eligible middle-income buyers of newly built homes, financed with up to $25 billion in revenue bonds. Homeowners’ loan payments would repay the bonds; the Legislative Analyst identifies no direct state or local costs.
A yes vote means
The state would create the loan program and could issue up to $25 billion in revenue bonds to finance it.
A no vote means
The state would not be required to create this new homebuying assistance program.
Arguments & rebuttals
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