California SB417: The Veterans and Affordable Housing Bond Act of 2026.

What the bill says

An act to add Part 16.1 (commencing with Section 54050) to Division 31 of the Health and Safety Code, and to add Article 5ab (commencing with Section 998.750) to Chapter 6 of Division 4 of the Military and Veterans Code, relating to housing, by providing the funds necessary therefor through an election for the issuance and sale of bonds of the State of California and for the handling and disposition of those funds, and declaring the urgency thereof, to take effect immediately…

From the chaptered text, June 25, 2026:

An act to add Part 16.1 (commencing with Section 54050) to Division 31 of the Health and Safety Code, and to add Article 5ab (commencing with Section 998.750) to Chapter 6 of Division 4 of the Military and Veterans Code, relating to housing, by providing the funds necessary therefor through an election for the issuance and sale of bonds of the State of California and for the handling and disposition of those funds, and declaring the urgency thereof, to take effect immediately. housing, by providing the funds necessary therefor through an election for the issuance and sale of bonds of the State of California and for the handling and disposition of those funds, and declaring the urgency thereof, to take effect immediately The Veterans and Affordable Housing Bond Act of 2026. Under existing law, there are programs providing assistance for, among other things, emergency housing, multifamily housing, farmworker housing, home ownership for very low and low-income households, and downpayment assistance for first-time home buyers. Existing law also authorizes the issuance of bonds in specified amounts pursuant to the State General Obligation Bond Law and requires that proceeds from the sale of these bonds be used to finance various existing housing programs, capital outlay related to infill development, brownfield cleanup that promotes infill development, and housing-related parks. Existing law, the Veterans …

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Sponsors

• Christopher Cabaldon (D, SD03) · primary sponsor