California voters headed to the polls on Tuesday to decide three new housing-related ballot measures. While two of them handily passed, votes are still being counted on a plan to cut red tape and streamline environmental reviews for new homes.
Voters approved Proposition 1, which authorizes California to issue $11.25 billion in bonds to support housing affordability programs, including multifamily rental housing, permanent supportive housing, and affordable housing. The funding also backs both down payment assistance programs and mortgage programs for veterans…