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!