How will passage of this measure address Californias housing crisis?
• By creating up to 22,000 permanently affordable rental units. • By enabling more than 65,000 California families to purchase their own house. • By providing housing assistance for 12,000 to 24,000 farm worker families. • By creating 31,000 new domestic violence and homeless shelter beds. Where is the fiscal accountability?The measure includes provisions to ensure proper administration of the bond proceeds at both the state and local levels: • Bureau of State Audits will conduct audits to ensure that bond proceeds are awarded in a timely fashion and incompliance with the provisions set forth in the bond measure. • Oversight of administering the money to local community development agencies and nonprofit agencies by theDepartment of Housing and Community Development, with policing authority by the Bureau of State Audits.What other benefits will the measure generate for California?New Investment: At least $13 billion in private investment and federal fundsJobs: Approximately 276,002 ful