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California 20252026

SB 417

The Veterans and Affordable Housing Bond Act of 2026.

Open original source Back to bills
Source: Open States / PluralUpdated 2026-09-12 13:12:55 UTC.

Official record

Measure details

Jurisdiction
California
Session
20252026
Chamber
upper
Classification
bill
Subjects
TheVeteransandAffordableHousingBondActof2026
Introduced / first action
2025-02-18 00:00:00

Alternate titles

  • The Affordable Housing Bond Act of 2026.

Source-supplied abstracts

Under existing law, there are programs providing assistance for, among other things, emergency housing, multifamily housing, farmworker housing, home ownership for very low and low-income households, and downpayment assistance for first-time home buyers. Existing law also authorizes the issuance of bonds in specified amounts pursuant to the State General Obligation Bond Law and requires that proceeds from the sale of these bonds be used to finance various existing housing programs, capital outlay related to infill development, brownfield cleanup that promotes infill development, and housing-related parks. Existing law, the Veterans and Affordable Housing Bond Act of 2018, authorized, the issuance of bonds in the amount of $4,000,000,000 to finance various existing housing programs, as well as infill infrastructure financing and affordable housing matching grant programs, as well as financing for a specified program for farm, home, and mobilehome purchase assistance for veterans, pursuant to the State General Obligation Bond Law. This bill would enact the Veterans and Affordable Housing Bond Act of 2026, which, if adopted, would authorize the issuance of bonds in the amount of $11,250,000,000, pursuant to the State General Obligation Bond Law. Of the proceeds from the sale of these bonds, $10,000,000,000 would be used to finance programs to fund affordable rental housing and home ownership programs, including, among others, the Multifamily Housing Program, the CalHome Program, and the Joe Serna, Jr. Farmworker Housing Grant Program, and $1,250,000,000 would be used to provide additional funding for the above-described program for farm, home, and mobilehome purchase assistance for veterans, as provided. This bill would provide for submission of the bond act to the voters at the November 3, 2026, statewide general election, in accordance with specified law. This bill would declare that it is to take effect immediately as an urgency statute.

Sponsors

Source-supplied history

Actions

  1. Chaptered by Secretary of State. Chapter 16, Statutes of 2026.

    became-law

  2. Approved by the Governor.

    executive-signature

  3. Enrolled and presented to the Governor at 12:30 p.m.

    executive-receipt

  4. Assembly amendments concurred in. (Ayes 29. Noes 2. Page 5002.) Ordered to engrossing and enrolling.

    amendment-passage, committee-passage, committee-passage-favorable

  5. In Senate. Concurrence in Assembly amendments pending.

  6. Read third time. Urgency clause adopted. Passed. (Ayes 61. Noes 7. Page 5852.) Ordered to the Senate.

    amendment-passage, passage, reading-1, reading-3

  7. Ordered to third reading.

    reading-1, reading-3

  8. Read third time and amended.

    amendment-passage, reading-1, reading-3

  9. Coauthors revised.

  10. Read second time. Ordered to third reading.

    reading-1, reading-2, reading-3

  11. From committee: Do pass. (Ayes 12. Noes 3.) (May 14).

    committee-passage, committee-passage-favorable

  12. Joint Rule 62(a) suspended.

  13. May 13 set for first hearing. Placed on suspense file.

  14. From committee: Do pass and re-refer to Com. on APPR. (Ayes 10. Noes 2.) (April 22). Re-referred to Com. on APPR.

    committee-passage, committee-passage-favorable, referral-committee

  15. Coauthors revised.

  16. Referred to Com. on H. & C.D.

    referral-committee

  17. In Assembly. Read first time. Held at Desk.

    reading-1

  18. Read third time. Urgency clause adopted. Passed. (Ayes 30. Noes 9. Page 3305.) Ordered to the Assembly.

    amendment-passage, passage, reading-1, reading-3

  19. Read second time. Ordered to third reading.

    reading-1, reading-2, reading-3

  20. Read second time and amended. Ordered to second reading.

    amendment-passage, reading-1, reading-2

  21. From committee: Do pass as amended. (Ayes 5. Noes 2. Page 3269.) (January 22).

    amendment-passage, committee-passage, committee-passage-favorable

  22. Set for hearing January 22.

  23. January 20 hearing: Placed on APPR. suspense file.

  24. Set for hearing January 20.

  25. From committee: Do pass and re-refer to Com. on APPR. (Ayes 8. Noes 1. Page 3184.) (January 6). Re-referred to Com. on APPR.

    committee-passage, committee-passage-favorable, referral-committee

  26. Referred to Com. on HOUSING.

    referral-committee

  27. Set for hearing January 6 in HOUSING pending receipt.

  28. From printer. May be acted upon on or after March 21.

  29. Introduced. Read first time. To Com. on RLS. for assignment. To print.

    introduction, reading-1, referral-committee

Documents and versions

Official links

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Related measures

No resolvable related measure is supplied.