Riverside’s City Council is considering a resolution to formally support Proposition 1, the Veterans and Affordable Housing Bond Act of 2026—an $11.25 billion state bond measure that could direct significant housing dollars to the region if California voters approve it.
The resolution is scheduled for a City Council vote at an upcoming meeting. The bond appears on the November 3 statewide ballot.
If voters pass it, Riverside could tap into $1.1 billion in statewide homeownership and down payment assistance funds—money the resolution says could help teachers, nurses, firefighters, and other working residents who serve the city but can’t afford to buy here…