05/20/2026
The Middle Class Homeownership and Family Home Construction Act has officially qualifying for the November ballot.
This is a statewide ballot initiative that will increase the supply of new homes and offer fixed-rate secondary mortgages covering up to 17% of the purchase price backed by revenue bonds (meaning, no cost to taxpayers). Coupled with a minimum 3% buyer contribution, the qualified homeowner would enter the market at a 20% equity position, eliminating the need for costly PMI.
Learn more about it from this YouTube video:
https://www.youtube.com/watch?v=TJ-wyiTuZ9U
This is a good thing for the state of California!
The California Association of REALTORS® has released a special live episode of the Unlocking California Politics podcast recorded during C.A.R.’s 2026 Legisl...