SACRAMENTO, Calif. — Housing advocates, nonprofit leaders and state lawmakers rallied Monday to urge Gov. Gavin Newsom to restore funding for CalHome, a long-running state program that helps low-income first-time buyers become homeowners but was eliminated in this year’s budget.
They’re asking for a $500 million restoration in the 2026-2027 state budget.
The call comes as California continues to grapple with both a severe budget deficit and a persistent housing affordability crisis, prompting advocates to warn that cutting long-term housing investments will worsen the state’s instability…