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California bills · 2025-2026 Regular Session

California SB 417

The Veterans and Affordable Housing Bond Act of 2026.

  1. Introduced
  2. In committee
  3. Passed Senate
  4. Passed House
  5. To Governor
  6. Became law

Sponsors

Cosponsors (44)

Summary

Official abstract published by the California legislature· summary

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 and Affordable Housing Bond Act of 2018, authorized, the issuance of bonds in the amount of $4,000,000,000 to finance various existing housing programs, as well as infill infrastructure financing and affordable housing matching grant programs, as well as financing for a specified program for farm, home, and mobilehome purchase assistance for veterans, pursuant to the State General Obligation Bond Law. This bill would enact the Veterans and Affordable Housing Bond Act of 2026, which, if adopted, would authorize the issuance of bonds in the amount of $11,250,000,000, pursuant to the State General Obligation Bond Law. Of the proceeds from the sale of these bonds, $10,000,000,000 would be used to finance programs to fund affordable rental housing and home ownership programs, including, among others, the Multifamily Housing Program, the CalHome Program, and the Joe Serna, Jr. Farmworker Housing Grant Program, and $1,250,000,000 would be used to provide additional funding for the above-described program for farm, home, and mobilehome purchase assistance for veterans, as provided. This bill would provide for submission of the bond act to the voters at the November 3, 2026, statewide general election, in accordance with specified law. This bill would declare that it is to take effect immediately as an urgency statute.

Text versions

Roll-call votes

State vote data last updated Oct 15, 2026, 8:06 AM.

DateVoteResultYour legislators
Jun 25, 2026
House		SB 417 Limón Third Reading Urgency By WickspassSet your home in California to see
Jun 25, 2026
Senate		Unfinished Business SB417 Limón et al. Urgency Clause ConcurrencepassSet your home in California to see
May 14, 2026
House		Do pass.passSet your home in California to see
Apr 22, 2026
House		Do pass and be re-referred to the Committee on [Appropriations]passSet your home in California to see
Jan 27, 2026
Senate		3rd Reading SB417 Cabaldon et al. Urgency ClausepassSet your home in California to see
Jan 22, 2026
Senate		Do pass as amendedpassSet your home in California to see
Jan 20, 2026
Senate		Placed on suspense filepassSet your home in California to see
Jan 6, 2026
Senate		Do pass, but first be re-referred to the Committee on [Appropriations]passSet your home in California to see

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