California Homeownership Doesn’t Tip Until 47

California voters in Mid-Q4 will consider two housing measures: one focused on middle-class buyer help, another on lower-income housing and veteran loans.
The middle-class measure would use up to $25B in revenue bonds, covering down payments up to 17% for newly built homes statewide.
A separate $11.25B bond package would direct $10B to lower-income housing and $1.25B in revenue bonds to veteran home loan programs across California.
Unlike a grant, that middle-class assistance would likely be repaid monthly; supporters say it could encourage more for-sale construction, while critics warn taxpayers face risk.
The measures would arrive alongside a state-run shared-appreciation program that recently offered up to 20% down payment help, capped at $150K, for first-generation buyers.