Taxpayers SUPPORTS Proposition 37: California Middle-Class Homeownership and Family Home Construction Act

Proposition 37 would establish a $25 billion CalHFA program offering middle-income buyers a second mortgage of up to 17 percent of a home's purchase price, financed by revenue bonds that borrowers themselves repay. SD Taxpayers supports the measure because the Legislative Analyst's Office found no direct cost to state or local government, expanding homeownership without adding taxpayer-backed debt.