Creates Loan Program For Middle-Income Buyers Of Qualified New Homes. Initiative Statute.. 2026 results by county, from California's official results file: Yes 62.4%, No 37.6% statewide.
Statewide
Authorizes $25 billion in bonds to offer eligible buyers fixed-rate mortgages for up to 17% of purchase price of a newly constructed home priced below about $1.5 million. Borrowers must be California residents, occupy the home, meet income limits, and pay at least 3% down. Bonds repaid by mortgage payments, not State.
A yes vote
The state would create a new homebuying assistance program. The state could sell up to $25 billion in revenue bonds to fund the program. Bonds would be paid back by homeowners’ payments on their home loans.
A no vote
The state would not be required to create a new homebuying assistance program.
The state's unofficial totals. We don't call measures.
By county
58 counties: Yes has the most votes in 46, No has the most votes in 12. The figures for each county are from the same file and add up to the statewide totals.
The share with the most votes in each place is in bold. That's the count, not a result.
Sources & scope
California's official results, these figures first read Nov 13, 6:24 PM. Unofficial until certified. California's page has its other statewide offices, ballot measures and legislature.