Housing bond moves ahead

Gov. Jerry Brown and legislative leaders agreed late Monday to a $4-billion bond aimed at the 2018 ballot that would fund low-income housing developments and subsidize home loans for California veterans.

The decision comes as the Legislature considers a package of legislation designed to address the state’s spiraling housing affordability crisis. The bond measure, Senate Bill 3, is one of three key bills designed to increase state spending on low-income housing and ease local restrictions on home building.

Source: California lawmakers reach deal on affordable housing bond – LA Times


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