Produced by KQED News and The California Report
Proposition 41 allows the state to sell $600 million in bonds to fund affordable rental housing for low-income and homeless veterans.
The existing CalVet Home Loans program was created in the 1920s to help veterans buy a home, mobile home or farm. While it has been effective for those who used it, many veterans today are not financially able to purchase a home, and the program now holds hundreds of millions of dollars worth of unsold bonds.
Read the complete story at KQED News Fix.