Governor Newsom signs historic housing bond set for voters on the November ballot

What you need to know: Governor Gavin Newsom signed legislation to place a historic housing bond before California voters in the upcoming November election.

SACRAMENTO - Governor Gavin Newsom today signed the Veterans and Affordable Housing Bond Act of 2026 - giving Californians the opportunity to help accelerate housing production, homeownership and affordability in the Golden State. The $11.25 billion bond set for the November ballot would continue to fast-track the construction, rehabilitation, and preservation of affordable housing, support homeownership programs, and provide funding for a variety of state housing initiatives.

Governor Newsom alongside state legislators as he signing SB 417

In California, we don't turn away from the needs of our people-we meet them head-on. With the signing of SB 417, we are giving voters the power to help shape the future of housing in our state. This bond is about building communities, expanding access and affordability in California, where every family has a fair shot at a place to call home.

Governor Gavin Newsom

The Governor also announced that he has signed the following bill:

• SB 623 by Senator Tom Umberg (D-Santa Ana) - Automobile accidents: civil actions: transportation network companies.