Proposition 1 — housing bonds

What a YES vote does

YES lets the state borrow $11.25 billion for affordable housing and veterans' home loans.

Official vote explanation, November 2026 edition; publication day unstated; retrieved 2026-10-05.

What a NO vote does

NO rejects this $11.25 billion housing bond.

Official vote explanation, November 2026 edition; publication day unstated; retrieved 2026-10-05.

Cost and money

The official analysis estimates $500 million–$600 million each year for roughly 25 years to repay the affordable-housing portion.

Veterans' loan borrowers generally repay their portion. No new tax is specified, but debt service uses public money.

Official fiscal analysis, November 2026 edition; publication day unstated; retrieved 2026-10-05.

Who put it on the ballot

Legislature, SB 417 (Limón); certified June 25, 2026.

Official qualified list, undated, retrieved 2026-10-05; Secretary Shirley Weber's certification release, 2026-06-25. Weber is the certifying official, not the measure's sponsor. June 25 is certification, not a claim that every legislative vote occurred that day.

A rule that matters

The bond directs $10 billion to housing programs and $1.25 billion to veterans' loans.

Official analysis and law, November 2026 edition; publication day unstated; retrieved 2026-10-05.

Who is paying

SOS daily chart: Yes $9,648,421.00; No $0.00. Quick Guide, undated daily snapshot retrieved 2026-10-05. The chart applies election-cycle/allied-transfer adjustments. Committee exports below use their own records and may include later receipts, shared campaigns, intermediary money and nonmonetary support. Differences remain unreconciled; do not add them or treat the chart as a committee balance.

Yes: Yes on Prop 1 Californians for Homes, Jobs and Affordability 2026, Sponsored by Affordable Housing Organizations, #1485601

$11,345,317.39 in captured itemized receipts. Periodic records through 2026-09-19: $7,408,905.28; added later receipts: $3,936,412.11. Cal-Access filer #1485601, late receipts, retrieved 2026-10-05.

Captured periodic export; captured late export. Aliases combine only where a contributor ID matches; negative adjustments remain negative. Named affiliated groups may appear separately.

Yes: Californians for Affordable Homes, Yes on Proposition 1, sponsored by NPH Action Fund, #1492745

$1,085,546.17 in captured itemized receipts. Periodic records through 2026-09-18: $1,080,158.15; added later receipts: $5,388.02. Cal-Access filer #1492745, late receipts, retrieved 2026-10-05.

Only 4 positive donor identities appear in the captured itemized records; no extra names invented.

Captured periodic export; captured late export. Aliases combine only where a contributor ID matches; negative adjustments remain negative. Named affiliated groups may appear separately.

No: no funded primary committee verified

SOS daily chart reports $0.00 for this side. No top-five donor ranking is available; zero reported in this chart does not mean no advocacy or no undisclosed money. Source: Quick Guide snapshot, 2026-10-05.

Why: who benefits

Eligible households and veterans can receive housing assistance.

Housing builders and construction workers can benefit from funded projects. The support committees identify affordable-housing sponsors; filing names identify construction and real-estate funders. That identifies an economic stake, not a promised award.

Official law and analysis, November 2026 edition; publication day unstated; retrieved 2026-10-05; committee/interest declarations and dated receipts above. Endorsement claims are identified as claims in the official arguments. The published arguments are the signers' opinions, not agency-verified findings.

Existing database, checked 2026-10-05: Secretary of State organization #15343; Shirley Weber politician #100 (certification role only). Funder rows above link the recorded find and resolve results, including exact entity IDs. Near matches were not merged; profiles and prior evidence are leads, not proof about this measure. Lookup custody.

Our view — opinion

What remains unknown

Money received after the captured filings, unfiled late receipts, unitemized donor detail, ultimate sources behind intermediaries, and a full reconciliation between SOS adjusted totals and gross committee receipts remain unknown. Donor rankings aggregate captured receipts within a committee; they do not rank ultimate wealth owners. Loans are identified separately where available.