California Housing Crisis

California lawmakers are making efforts to address the state's housing crisis by proposing an unprecedented $35 billion bond.

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The bond proposal is set to face voter approval in the upcoming year, but concerns about "bond fatigue" have been raised.

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Advocates and government officials advocating for the proposal will need to address voters' apprehensions about soaring property prices and housing insecurity.

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Two significant bond proposals are currently being presented: a $10 billion bond by Buffy Wicks for the March 2024 elections

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Governor Gavin Newsom's $4.68 billion plan to enhance housing construction and mental health services for homeless Californians.

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If approved, these bonds could hold historical significance for the state, but they may also encounter resistance from voters already burdened by previous bond initiatives.

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The Bay Area Housing Finance Authority is considering an additional bond measure ranging from $10 billion to $20 billion

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Property owners' support for the bonds remains uncertain, as they might have to bear the brunt of increased real-estate taxes.

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The slow pace of constructing affordable housing units in San Francisco is amplifying concerns regarding the bond's appeal to voters

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