Proposition 37 — new-home buyer loans

What a YES vote does

YES creates bond-funded down-payment loans for eligible middle-income buyers of new homes.

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

What a NO vote does

NO rejects this new state-backed homebuyer loan program.

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

Cost and money

The official analysis finds no direct state or local cost because homebuyer payments repay the revenue bonds.

Investor demand, buyer costs and the number of added homes remain uncertain.

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

Who put it on the ballot

Initiative petition; 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

Authorizes up to $25 billion in revenue bonds.

The program finances 17% of eligible new-home prices; repayment terms and fees matter to borrowers.

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

Who is paying

SOS daily chart: Yes $22,558,846.00; 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: Homeownership for Families, sponsored by California Association of Realtors, #1400190

$7,000,000.00 in captured itemized receipts. Periodic records through 2026-05-18: $7,000,000.00; added later receipts: $0.00. Cal-Access filer #1400190, late receipts, retrieved 2026-10-05.

Only 2 positive donor identities appear in the captured itemized records; no extra names invented.

This is an upstream Realtor-sponsored committee. Its transfers into the primary Yes committee overlap money listed there.

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: Yes on 37 - California Homeownership, #1481256

$23,877,041.47 in captured itemized receipts. Periodic records through 2026-09-19: $22,556,305.29; added later receipts: $1,320,736.18. Cal-Access filer #1481256, 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.

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 buyers receive financing.

Realtors, homebuilders and construction workers can benefit from transactions and construction. The named Realtor-sponsored and carpenter committees establish those industry interests; they do not establish guaranteed new homes or lower prices.

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.