CalMatters: California could borrow a record-breaking $35 billion to tackle the housing crisis. Will voters go along?
California voters regularly name out-of-reach housing costs and homelessness as among the most important issues facing the state.
Now lawmakers are calling their bluff. Next year the electorate will likely get the chance to put unprecedented gobs of money where its mouth is.
“We have so many crises for people facing so many different challenges,” said Chris Martin, policy director with Housing California, an affordable housing advocacy group. “You name it, there’s a bond for it being considered in the Legislature and there’s only so much bonding authority.”