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housing · October 20, 2026

California’s Prop. 37 would use $25 billion for housing

The measure has raised questions about whether its approach could make homeownership more attainable.

Serene seaside neighborhood with palm trees and charming houses under a clear blue sky.
Stock photo: Robert So / Pexels. Illustrates the topic; not a photo of the event.

Proposition 37 would create a $25 billion bond tied to making homeownership more attainable in California. The measure has prompted many questions about how it would work. CalMatters explains the biggest questions and the best available answers.

Why it matters: If approved, the bond would shape California’s approach to making homeownership more attainable.

Original reporting
  • CalMatters
  • CalMatters

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