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California / State / 2025-2026 Regular Session

SB 417 (Stats. 2026, Ch. 16) Put an $11.25 billion housing bond with $1.25 billion for Cal-Vet home loans on the November 2026 ballot

Catalog reconciledAwaiting a voteFigure moved

Passed

Expands benefits Would authorize $1.25 billion in bonds for Cal-Vet farm, home and mobilehome loans if the voters approve it.

Not yet in force. The Veterans and Affordable Housing Bond Act of 2026, signed June 25, 2026 as an urgency statute, becomes operative only if the voters adopt it at the November 3, 2026 statewide general election. It would authorize $11.25 billion of general obligation bonds, $10 billion for affordable rental and ownership programs and $1.25 billion for the Cal-Vet farm, home and mobilehome purchase program in new Military and Veterans Code section 998.750 and following. No Cal-Vet eligibility rule or loan term changes.

Progress

Path to law: Bill in a two-chamber legislature

  1. Introduced Done, Senate
  2. In committee Done, Senate Housing and Appropriations, then Assembly Housing and Community Development and Appropriations
  3. Passed one chamber Done, Senate
  4. Passed both chambers Done, Senate concurred in the Assembly amendments
  5. Signed by the governor Done, Urgency statute, operative only if the voters adopt it on November 3, 2026
  6. In effect Next

Sponsors

  • LimónSponsor, Senate
  • RivasSponsor, Assembly
  • CabaldonCo-sponsor, Senate
  • WicksCo-sponsor, Assembly
  • AddisCo-sponsor, Assembly
  • AhrensCo-sponsor, Assembly
  • AlvarezCo-sponsor, Assembly
  • ArchuletaCo-sponsor, Senate
  • ArreguínCo-sponsor, Senate
  • AshbyCo-sponsor, Senate
  • Ávila FaríasCo-sponsor, Assembly
  • BeckerCo-sponsor, Senate
  • BennettCo-sponsor, Assembly
  • BermanCo-sponsor, Assembly
  • BlakespearCo-sponsor, Senate
  • CaballeroCo-sponsor, Senate
  • CalozaCo-sponsor, Assembly
  • ConnollyCo-sponsor, Assembly
  • GabrielCo-sponsor, Assembly
  • Mark GonzálezCo-sponsor, Assembly
  • GraysonCo-sponsor, Senate
  • HaneyCo-sponsor, Assembly
  • HarabedianCo-sponsor, Assembly
  • HartCo-sponsor, Assembly
  • JacksonCo-sponsor, Assembly
  • KalraCo-sponsor, Assembly
  • KrellCo-sponsor, Assembly
  • LairdCo-sponsor, Senate
  • McKinnorCo-sponsor, Assembly
  • MenjivarCo-sponsor, Senate
  • MuratsuchiCo-sponsor, Assembly
  • NguyenCo-sponsor, Assembly
  • PérezCo-sponsor, Senate
  • Quirk-SilvaCo-sponsor, Assembly
  • RansomCo-sponsor, Assembly
  • ReyesCo-sponsor, Senate
  • SchiavoCo-sponsor, Assembly
  • SchultzCo-sponsor, Assembly
  • SoriaCo-sponsor, Assembly
  • UmbergCo-sponsor, Senate
  • WahabCo-sponsor, Senate
  • WardCo-sponsor, Assembly
  • WienerCo-sponsor, Senate
  • WilsonCo-sponsor, Assembly
  • ZburCo-sponsor, Assembly

What it touches

  • Mil. & Vet. Code § 998.750
  • Health & Saf. Code § 54050

Catalog entry

Official record

Read SB 417 (Stats. 2026, Ch. 16) on the jurisdiction's own record