Affordable housing coalition calls on Governor, Legislature to prioritize budget
investments in 2026-27 that maintain affordable housing production
California has nearly 45,000 shovel-ready affordable homes in the pipeline
waiting on state funding to move into construction
With resources exhausted from the last housing bond—and almost 50,000 homes at risk
of losing their affordability in the next decade—successful state housing programs are
oversubscribed by rates as high as 10:1
SACRAMENTO – A coalition of affordable housing, homelessness, and housing justice organizations submitted a letter to the Governor and legislative leaders today highlighting “priority investments” in the 2026-27 budget that are urgently needed to maintain California’s progress on addressing its affordable housing and homelessness challenges—and prevent the loss of tens of thousands of affordable housing units in the next 10 years. The letter was signed by 57 housing organizations from across California.
With resources from the last state housing bond exhausted and limited funding for housing programs in last year’s budget, the coalition proposes investing $2.8 billion in the state’s most successful affordable housing and homelessness programs. Read the full coalition budget package here, with detailed, program-by-program proposals for keeping lower-income families and workers housed.
As housing costs continue to rise and millions of Californians struggle to find an affordable place to live, the next budget will be critical for maintaining access to affordable housing:
- California has nearly 45,000 shovel-ready affordable housing projects waiting on state funding to move forward into construction, and some of the state’s flagship production programs are oversubscribed at rates as high as 10:1.
- At the same time, California is on track to lose its affordable housing stock faster than it adds to it, with almost 50,000 affordable homes at risk of losing their affordability in the next 10 years.
- Potential reductions in federal homelessness funding could also jeopardize assistance for tens of thousands of households, further underscoring the importance of sustaining California’s own proven programs that keep people housed.
A $10 billion state housing bond can provide a stable, long-term source of housing funding—and help pull down billions in newly expanded federal housing tax credits that could double California’s affordable housing production. But two major bond proposals are still making their way through the Legislature and need voter approval in 2026 before resources would be available.
The housing coalition is urging state lawmakers to provide bridge funding in next year’s budget to maintain affordable housing production, preserve existing affordable homes, increase homeownership opportunities, and restore funding for homelessness programs.
Real the full coalition letter, with program-by-program investment proposals, here:
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For Immediate Release
October 23, 2025
California Housing Consortium
Contact: Mike Roth
