ACTION:
____________________________
Clerk/Secretary
Department: City Manager Item No: D2
Prepared by: Imelda M. Huerta, Assistant City Manager Meeting Date: October 13, 2026 Approved by: John Conley, City Manager Agenda Location: Discussion SUBJ
ECT: DISCUSS THE SUPPORT RESOLUTION FOR PROPOSITION 1, THE VETERANS AND AFFORDABLE HOUSING BOND ACT OF 2026
RECO
MMENDATION: Discuss Proposition 1, the Veterans and Affordable Housing Bond Act of 2026, and if the City Council chooses to support, adopt City Council Resolution No. 2026- , supporting the Veterans and Affordable Housing Bond Act of 2026.
CORRE
LATION TO CITY COUNCIL GOALS: Homelessness & Housing.
PRI
OR ACTION: None.
ST
ATEMENT ON THE SUBJECT: Cal Cities is requesting Cities consider adopting a resolution to support Proposition (Prop) 1, the Veterans and Affordable Housing Bond Act of 2026 on the November 2026 statewide ballot. Prop 1 authorizes $11.25 billion in state general obligation bonds to fund several housing affordability programs.
Su
mmary:
The Veterans and Affordable Housing Bond Act of 2026 would authorize the state to issue $11.25 billion in general obligation bonds to fund several categories of existing housing programs, including:
• Multifamily Housing Program
• Infill Infrastructure Grant Program
• CalHome Program
• Farmworker Housing
• Tribal Housing Grant Program
• Higher Education student housing
• Local pilot programs
• Veterans’ Housing
Maj
or Provisions:
The Veterans and Affordable Housing Bond Act of 2026 is a measure placed on the November 3, 2026 ballot by the Legislature that would replenish existing housing programs for the development, preservation, and rehabilitation of affordable housing projects. Additionally, the measure would provide funding to support the development of youth and veteran housing and promote homeownership in California. Below are the specific funding allocations proposed in the ballot measure:
• $5.1 billion to the Multifamily Housing Program.
AGENDA
REPORT
CITY COUNCIL
COMMUNITY DEVELOPMENT COMMISSION
SUCCESSOR AGENCY
BUENA SANITATION DISTRICT
JOINT POWERS FINANCING AUTHORITY
Approved above recommendation, adopted City Council Resolution No. 2026-177. Vote: 3-2 (Franklin and Fox opposed)