How the Midterms Changed Housing in These 10 States
Summary
Voters in 10 states considered housing and property-tax measures on November 3, and the article says most passed by wide margins. In California, early results showed two housing measures leading and a third trailing; the measures address housing finance and development approvals.Key Facts
- The article links housing measures to concerns about rising home prices, borrowing costs, property taxes and homeowner insurance premiums.
- California Proposition 1 would authorize $11.25 billion in state bonds for income-qualified housing programs, including $1.25 billion for a veteran home-loan program.
- With 59.4 percent of the vote, Proposition 1 was leading 59.4 percent to 40.6 percent, according to results reported in the article.
- Proposition 37 would authorize up to $25 billion in revenue bonds for down-payment assistance tied to fixed-rate mortgages on qualifying new homes.
- With 58 percent of votes counted, Proposition 37 was leading 61 percent to 39 percent.
- Proposition 45 would set deadlines for certain project reviews and change environmental review and court-review procedures for project approvals.
- With 57 percent of votes counted, Proposition 45 was trailing, with 45.9 percent supporting it and 54.1 percent opposing it.
Read the Full Article
This is a fact-based summary from The Actual News. Click below to read the complete story directly from the original source.
