Prop. 41: Veterans Housing

Veterans Housing and Homeless Prevention Act of 2014 (AB 639)

Summary

Authorizes $600 million in general obligation bonds for affordable multifamily supportive housing to relieve homelessness, affordable transitional housing, affordable rental housing, or related facilities for veterans and their families.

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what your vote means

Yes

The state would sell $600 million in general obligation bonds to fund affordable multifamily housing for low-income and homeless veterans.

No

The state would not sell $600 million in general obligation bonds to fund affordable multifamily housing for low-income and homeless veterans.

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financial effect

Yes

Increased state bond repayment costs averaging about $50 million annually over 15 years.

No

No change from status quo.

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campaign arguments

Yes

Prop. 41, the Veterans Housing and Homeless Prevention Act of 2014, redirects $600 million of previously approved, unspent bond funds to construct and rehabilitate housing for California's large population of homeless veterans. This Act will construct affordable, supportive, and transitional housing for homeless and near homeless veterans without raising taxes.

No

Proposition 41 would authorize the State to borrow (by selling bonds) $600 million out of $900 million in bonds previously approved by voters in 2008 for use by the CalVet Home and Farm Loan Program. The issue is whether such a diversion of funds is wise.

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campaign information

Yes

Coalition for Veterans Housing
777 S. Figueroa St., Suite 4050
Los Angeles, CA 90017
(213) 346-0400
info@yesonprop41forvets.org
http://www.yesonprop41forvets.org

No

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Additional information

Prop. 41 Full textClick here to view.
Measure TypeLegislative Bond Act

Funding

Yes

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No

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Endorsements

Yes

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No

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News

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Editorials

Yes

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No

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Campaign Advertisements

Yes

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No

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Additional Resources

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