Housing Policy to Pay Attention to Right Now in Sacramento

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Join SV@Home for our next Policy in Action@Home as we break down the latest developments from the Capitol with insider guest Leslie Rodriguez, Partner at California Strategies and Board Chair of the SV@Home Action Fund.

We’ll unpack:

– What’s in (and out of) the state budget

– The housing bills gaining traction and the ones quietly dying

– How this legislative session could shape housing access in our region for years to come

This is your chance to get the real story behind the headlines and what it means for our local work.

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July 18, 2024

RM 4 and Prop 5: What’s in a name?

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We have some big updates about our goal of raising $20 billion for affordable housing in the Bay Area, including $4.5 billion for San Jose and Santa Clara County. The regional measure and statewide constitutional amendment have their official ballot designations: RM 4 and Prop 5.

First, the Bay Area regional affordable housing bond, which will appear on the November 5th ballot, has been designated Regional Measure 4 (RM 4). We love how this echoes our 2024 Affordable Housing Month theme: #4Us4You4All. Now, we can all vote for RM 4 for more affordable housing, for us, for you, and for all!

Also, the California Legislature has put a statewide constitutional amendment on the ballot to set the voter threshold for housing and infrastructure bonds at 55%, allowing for a more democratic path of success for RM 4. That constitutional amendment has been formally designated Proposition 5 (Prop. 5). Unless we pass Prop. 5, housing and infrastructure funding like RM 4 will remain locked behind an undemocratic 2/3rds vote requirement.

RM 4 and Prop. 5 will be game changers for affordable housing in Silicon Valley and the Bay Area. Our sister organization, the SV@Home Action Fund, is co-leading the local arm of the RM 4 campaign. Sign up for emails and follow the Action Fund on LinkedIn and Instagram to stay up to date!