The California Legislature's bipartisan approval and Governor Newsom's signing of SB 417 in June 2026 placed the $11.25 billion Veterans and Affordable Housing Bond Act (Proposition 1) on the November 3 ballot, authorizing $10 billion in general obligation bonds for multifamily rental housing, rehabilitation, farmworker and student units, plus $1.25 billion in self-supporting revenue bonds for CalVet home loans. This measure responds to persistent affordability pressures, with median home prices exceeding $900,000 and widespread rent burden, by replenishing exhausted state programs like the Multifamily Housing Program. Trader consensus around 61.5% for passage reflects broad institutional support and the veterans component's appeal, tempered by General Fund debt-service obligations estimated at roughly $580 million annually and the presence of a competing revenue-bond measure for middle-income buyers. No major organized opposition has emerged since placement, though fiscal timing and competing ballot priorities remain variables ahead of the vote.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · UpdatedCalifornia Affordable Housing Bond Proposition
California Affordable Housing Bond Proposition
43% chance
NEW
NEW
Nov 3, 2026
43% chance
NEW
NEW
Nov 3, 2026
Proposition 1 is a California ballot measure currently scheduled for voting on November 3, 2026. It would allow the state to borrow a record $11.25 billion for affordable housing, with $10 billion to buy, build, rehabilitate and preserve affordable homes and $1.25 billion to help veterans buy homes.
This market will resolve to “Yes” if the specified ballot measure is approved by a majority of voters at the California statewide general election currently scheduled for November 3, 2026. Otherwise, this market will resolve to “No.”
If voting on the specified ballot measure does not occur, or the results thereof are not known definitively, by March 31, 2027, this market will resolve to “No”.
This market will resolve based on a consensus of credible reporting. If there is ambiguity, this market will resolve solely based on official information from the State of California, including the California Secretary of State (https://www.sos.ca.gov/).The California Legislature's bipartisan approval and Governor Newsom's signing of SB 417 in June 2026 placed the $11.25 billion Veterans and Affordable Housing Bond Act (Proposition 1) on the November 3 ballot, authorizing $10 billion in general obligation bonds for multifamily rental housing, rehabilitation, farmworker and student units, plus $1.25 billion in self-supporting revenue bonds for CalVet home loans. This measure responds to persistent affordability pressures, with median home prices exceeding $900,000 and widespread rent burden, by replenishing exhausted state programs like the Multifamily Housing Program. Trader consensus around 61.5% for passage reflects broad institutional support and the veterans component's appeal, tempered by General Fund debt-service obligations estimated at roughly $580 million annually and the presence of a competing revenue-bond measure for middle-income buyers. No major organized opposition has emerged since placement, though fiscal timing and competing ballot priorities remain variables ahead of the vote.
Proposition 1 is a California ballot measure currently scheduled for voting on November 3, 2026. It would allow the state to borrow a record $11.25 billion for affordable housing, with $10 billion to buy, build, rehabilitate and preserve affordable homes and $1.25 billion to help veterans buy homes.
This market will resolve to “Yes” if the specified ballot measure is approved by a majority of voters at the California statewide general election currently scheduled for November 3, 2026. Otherwise, this market will resolve to “No.”
If voting on the specified ballot measure does not occur, or the results thereof are not known definitively, by March 31, 2027, this market will resolve to “No”.
This market will resolve based on a consensus of credible reporting. If there is ambiguity, this market will resolve solely based on official information from the State of California, including the California Secretary of State (https://www.sos.ca.gov/).
This market will resolve to “Yes” if the specified ballot measure is approved by a majority of voters at the California statewide general election currently scheduled for November 3, 2026. Otherwise, this market will resolve to “No.”
If voting on the specified ballot measure does not occur, or the results thereof are not known definitively, by March 31, 2027, this market will resolve to “No”.
This market will resolve based on a consensus of credible reporting. If there is ambiguity, this market will resolve solely based on official information from the State of California, including the California Secretary of State (https://www.sos.ca.gov/).
Market Opened: Jul 1, 2026, 6:28 PM ET
Volume
$2,182End Date
Nov 3, 2026Market Opened
Jul 1, 2026, 6:28 PM ETResolver
0x65070BE91...Proposition 1 is a California ballot measure currently scheduled for voting on November 3, 2026. It would allow the state to borrow a record $11.25 billion for affordable housing, with $10 billion to buy, build, rehabilitate and preserve affordable homes and $1.25 billion to help veterans buy homes.
This market will resolve to “Yes” if the specified ballot measure is approved by a majority of voters at the California statewide general election currently scheduled for November 3, 2026. Otherwise, this market will resolve to “No.”
If voting on the specified ballot measure does not occur, or the results thereof are not known definitively, by March 31, 2027, this market will resolve to “No”.
This market will resolve based on a consensus of credible reporting. If there is ambiguity, this market will resolve solely based on official information from the State of California, including the California Secretary of State (https://www.sos.ca.gov/).The California Legislature's bipartisan approval and Governor Newsom's signing of SB 417 in June 2026 placed the $11.25 billion Veterans and Affordable Housing Bond Act (Proposition 1) on the November 3 ballot, authorizing $10 billion in general obligation bonds for multifamily rental housing, rehabilitation, farmworker and student units, plus $1.25 billion in self-supporting revenue bonds for CalVet home loans. This measure responds to persistent affordability pressures, with median home prices exceeding $900,000 and widespread rent burden, by replenishing exhausted state programs like the Multifamily Housing Program. Trader consensus around 61.5% for passage reflects broad institutional support and the veterans component's appeal, tempered by General Fund debt-service obligations estimated at roughly $580 million annually and the presence of a competing revenue-bond measure for middle-income buyers. No major organized opposition has emerged since placement, though fiscal timing and competing ballot priorities remain variables ahead of the vote.
Proposition 1 is a California ballot measure currently scheduled for voting on November 3, 2026. It would allow the state to borrow a record $11.25 billion for affordable housing, with $10 billion to buy, build, rehabilitate and preserve affordable homes and $1.25 billion to help veterans buy homes.
This market will resolve to “Yes” if the specified ballot measure is approved by a majority of voters at the California statewide general election currently scheduled for November 3, 2026. Otherwise, this market will resolve to “No.”
If voting on the specified ballot measure does not occur, or the results thereof are not known definitively, by March 31, 2027, this market will resolve to “No”.
This market will resolve based on a consensus of credible reporting. If there is ambiguity, this market will resolve solely based on official information from the State of California, including the California Secretary of State (https://www.sos.ca.gov/).
This market will resolve to “Yes” if the specified ballot measure is approved by a majority of voters at the California statewide general election currently scheduled for November 3, 2026. Otherwise, this market will resolve to “No.”
If voting on the specified ballot measure does not occur, or the results thereof are not known definitively, by March 31, 2027, this market will resolve to “No”.
This market will resolve based on a consensus of credible reporting. If there is ambiguity, this market will resolve solely based on official information from the State of California, including the California Secretary of State (https://www.sos.ca.gov/).
Volume
$2,182End Date
Nov 3, 2026Market Opened
Jul 1, 2026, 6:28 PM ETResolver
0x65070BE91...The California Legislature's bipartisan approval and Governor Newsom's signing of SB 417 in June 2026 placed the $11.25 billion Veterans and Affordable Housing Bond Act (Proposition 1) on the November 3 ballot, authorizing $10 billion in general obligation bonds for multifamily rental housing, rehabilitation, farmworker and student units, plus $1.25 billion in self-supporting revenue bonds for CalVet home loans. This measure responds to persistent affordability pressures, with median home prices exceeding $900,000 and widespread rent burden, by replenishing exhausted state programs like the Multifamily Housing Program. Trader consensus around 61.5% for passage reflects broad institutional support and the veterans component's appeal, tempered by General Fund debt-service obligations estimated at roughly $580 million annually and the presence of a competing revenue-bond measure for middle-income buyers. No major organized opposition has emerged since placement, though fiscal timing and competing ballot priorities remain variables ahead of the vote.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · Updated
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