Proposition 37: Middle-Income Homebuyer Loan Program
Source: electionresults.sos.ca.gov
What does this measure do?
Supports: Cost of Living Reduction, Housing Affordability
California would create a state loan program covering up to 17% of the price of certain new homes for middle-income buyers, paid for with up to $25 billion in state borrowing. Homebuyers would repay the loans, so no direct cost to taxpayers is expected.
Read the official ballot measure (PDF)
Proposed by: Citizen initiative by Bob Hertzberg's California Homes Coalition, backed by Realtors and unions
Hertzberg is a former state Senate majority leader. Real estate groups like the California Association of Realtors and unions back his loan plan for new-home buyers.
Source: hoover.org
A YES vote means
Eligible buyers could receive state loans covering up to 17% of a qualified new home's price.
A NO vote means
California would not have to create this new homebuying loan program.
Campaign Finance Information
Campaign Finance Information
Largest donors supporting
- California Association of Realtors committees (Homeownership for Families; Issues Mobilization PAC)Real estate agents trade groupIts top donors: National Association of Realtors$14,850,000
- Building a Better CaliforniaPolitical committee funded by tech investorsIts top donors: Sergey Brin (Google co-founder); L. John Doerr III (venture capitalist); Patrick Collison (CEO of payments company Stripe)$6,000,000
- United Brotherhood of Carpenters & Joiners of America · DCNational carpenters union$800,000
- Western States Regional Council of Carpenters Issues CommitteeCarpenters union committeeIts top donors: Western States Regional Council of Carpenters$450,000
- Northern California Carpenters Regional Council Issues PACCarpenters union committee$450,000
Largest donors opposing
No large donors reported.
Filings as of September 16, 2026 · Source: fppc.ca.gov
Sources: sos.ca.gov · lao.ca.gov