California Sends $11.25B Housing Bond to November Ballot, with $5.1B Aimed at Multifamily Development

California's governor and legislative leaders have struck a deal to ask voters for $11.25 billion in housing borrowing this November, channeling the single largest share toward the state's primary affordable multifamily development program and reviving a financing pipeline that the development community has watched run dry. Gov. Gavin Newsom, Senate President Pro Tempore Monique Limón […]