California pursues $10B housing bond as rent-cap bill stalls
California lawmakers are moving a $10 billion housing bond (SB 417) to fund affordable housing, wildfire prevention, and down-payment assistance, aiming for a June ballot with the governor backing the pro-housing agenda; a separate rent-control measure (AB 1157) died in committee, while lawmakers also grapple with SB 79’s implications for transit-oriented development and displacement near mobile-home parks.