Proposition 5 would amend the California constitution by lowering the required voter approval threshold to 55% for local governments to borrow money to fund affordable housing construction, down payment assistance programs, supportive housing and public infrastructure projects. “Infrastructure,” according to the proposition’s language can include a broad range of development projects, including water management, local hospitals, police stations, broadband networks, parks and other development projects.
On Your November Ballot: Prop 5 Would Make It Easier for Local Gov’ts to Fund Housing, Infrastructure – With Risks
