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California Votes on $11B Housing Bond
Description
California’s housing crisis just got a major ballot proposal: an $11 billion bond to build 40,000+ affordable homes for low- and middle-income families, veterans, students, and the homeless. With average home prices soaring past $877,000 and only 17% of buyers able to afford, this plan could finally unlock stalled projects. Voters decide in November, with repayment spread over 35 years — and despite budget concerns, advocates say the need is urgent and the cost is worth it.
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