Status check (as of Nov. 5, 2026, America/Los_Angeles): Vote totals below are unofficial. Counties are still processing vote-by-mail and provisional ballots. The California Secretary of State is scheduled to certify statewide results on Dec. 11, 2026. Tallies can still change.

The Headline: Two Statewide Housing Measures Are Passing

On Tuesday, Nov. 3, 2026, California voters weighed 14 statewide propositions. The two clearest housing votes — Proposition 1 (affordable housing and veterans bonds) and Proposition 37 (middle-income loans for newly built homes) — both drew strong Yes majorities in unofficial returns, according to the Associated Press, CalMatters and the Los Angeles Times. Neither measure faced a submitted opposition argument in the official voter materials.

That is the biggest California housing story right now, separate from today’s market roundup on rates, inventory and jobs (Rates Ease, Buyers Pause, Inventory Grows).

Proposition 1: $11.25 Billion for Affordable Housing and Veterans

Per the California Secretary of State’s Quick Guide to Propositions, Prop. 1 authorizes $11.25 billion in state general obligation bonds for housing affordability programs, including multifamily rental housing, mortgages for veterans, supportive housing, preservation of existing affordable housing, and down-payment assistance.

• Fiscal note (official summary): increased state cost of about $500 million to $600 million annually for about 25 years to repay the housing bond.
• Unofficial results: The Secretary of State’s Nov. 4, 2026, 8:08 a.m. Pacific update (as reported by Palo Alto Ledger) showed Yes 4,506,588 (59.4%) and No 3,084,042 (40.6%), with all 23,860 precincts listed as partially reporting. CalMatters and the Los Angeles Times reported the measure as passing with roughly 59–60% of counted votes. Results remain preliminary.
• What supporters say it unlocks: CalMatters reported advocates estimate the bond could help fund nearly 40,000 affordable units that are shovel-ready but short on state funding — far short of the state’s annual production need, but a large new funding source after the 2018 housing bond was largely depleted.

What it means for you: Prop. 1 is mainly about financing affordable rental and targeted ownership programs statewide, including veterans’ housing help. It does not set Santa Clarita home prices or your personal mortgage rate. Over time, more funded projects can add supply in LA County and beyond. Program rules, applications and timelines will be set by state agencies after certification and implementation. Source: CA SOS Quick Guide — Prop. 1; CalMatters; Los Angeles Times.

Proposition 37: Up to $25 Billion in Homebuyer Assistance Loans

Prop. 37 creates a new statewide loan program aimed at middle-income buyers of newly constructed homes. The Secretary of State’s Quick Guide says it authorizes $25 billion in bonds to offer eligible buyers fixed-rate mortgages for up to 17% of the purchase price of a newly constructed home priced below about $1.5 million. Borrowers must be California residents, occupy the home, meet income limits, and put at least 3% down. Bonds are repaid by mortgage payments — the official fiscal impact states no direct state or local costs.

• AP call: The Associated Press called Prop. 37 for Yes at 9:06 p.m. Pacific on Nov. 3, 2026 (as reported by Palo Alto Ledger).
• Unofficial results: The same SOS Nov. 4, 8:08 a.m. Pacific update showed Yes 4,605,778 (61.0%) and No 2,946,506 (39.0%).
• Administration: The Los Angeles Times reported the program is slated to be administered by the California Housing Finance Agency (CalHFA). CalMatters and housing researchers note many open questions about how loans will be priced, how many buyers will qualify, and how quickly funds will flow.

What it means for you: If you are shopping new construction in Valencia, FivePoint, Santa Clarita or elsewhere in California under the price and income caps, this is the measure to watch. It is not a cash grant, not automatic approval, and not available yet for applications on election night. Expect agency guidelines, lender participation rules and income limits after the vote is certified. Existing-home buyers of resale inventory are outside the “newly constructed home” focus described in the official summary. Source: CA SOS Quick Guide — Prop. 37; CalMatters / LAist; Los Angeles Times.

Housing-Adjacent: Proposition 45 (Environmental Review Changes)

Prop. 45 would change California Environmental Quality Act (CEQA) procedures for certain project types, including housing, by setting deadlines for environmental review and legal challenges. In the Secretary of State’s Nov. 4 morning update, No was leading with about 54.1% (Yes 45.9%). As of this writing, that measure was still being counted and had not been treated with the same clear “passed” calls as Props. 1 and 37. We will update if and when a definitive call and certified result are posted. Source: Palo Alto Ledger table citing SOS Nov. 4, 8:08 a.m. PT; CalMatters proposition tracker.

Local LA County Housing Measures (Not Santa Clarita City Measures)

Several cities inside Los Angeles County also had housing-related local measures (for example, rent-stabilization or eviction rules in places such as Cudahy and Santa Monica). Those are city-specific and do not rewrite Santa Clarita’s local housing rules. Statewide Props. 1 and 37 are the measures that apply across the Santa Clarita Valley and the rest of California. Track local city results through the LA County election results coverage and your city clerk if a measure was on your ballot.

How This Fits With Rates and the Economy Today

Freddie Mac’s Primary Mortgage Market Survey, released this morning (Nov. 5, 2026), put the average 30-year fixed rate at 7.18%, down from 7.24% last week — the third straight weekly decline. That is a national average for conforming purchase loans with strong credit and 20% down, not a personal quote. Bond-funded housing programs and slightly lower rates can both ease payment pressure, but they work on different timelines. Source: Freddie Mac PMMS.

Andy & Rebekah, Entity Realty, entityrealty.com

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Andy Martinez Jr., Mortgage Loan Originator | NMLS #2171006 · Entity Mortgage and Realty, Company NMLS #2371431 · CA DRE #01978202 · 26254 Prima Way, Santa Clarita, CA 91350 · Equal Housing Opportunity. General information only, not a commitment to lend or a guarantee of program eligibility. Approval, rates, terms and any future state assistance depend on credit, income, property, residency, program guidelines and can change. This article summarizes publicly reported election and market information and is not legal, tax or political advice. Neutral coverage of ballot measures is for reader information only.