SAN DIEGO (KGTV) - San Diego leaders are making a push to pass a bond measure that will tackle Californian’s ongoing affordable housing crisis.
Proposition 1, also known as the Veterans and Affordable Housing Act, will set aside $4 billion to provide affordable housing for Californians in need -- most notably military veterans -- and help address homelessness.
Stephen Russell, executive director of the San Diego Housing Federation, said, “The bond measure in November would set aside $1 billion for home ownership for veterans and $3 billion to put funds into existing housing programs that have been proven to work to build housing for folks that are low-wage workers, seniors, veterans and people with disabilities.”
On Tuesday, state Senate President Pro Tem Toni Atkins, local leaders and affordable housing advocates will come together to urge San Diegans to pass Prop. 1 this November.
Recent statistics show many Californians are spending 30 to 50 percent of their income on housing costs and 1 in 3 Californians can’t afford to pay rent.