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U.S. voters pass numerous affordable housing measures

Legislation

U.S. voters pass numerous affordable housing measures

The measures earmark billions of dollars for new funding to create housing, provide protections for renters.


By Peter Fabris, Contributing Editor | November 13, 2022
U.S. voters pass numerous affordable housing measures
Photo: Element5 Digital, via Unsplash

Voters in many U.S. jurisdictions passed housing measures Nov. 8 that will collectively set aside billions of dollars in new funding to create more affordable housing and provide protections for renters.

Notable propositions impacting housing include:

  • With 92% of votes counted, in Colorado, voters favored passage of Proposition 123, which would require the state to allocate about 2% of income tax revenues in the annual budget for affordable housing.
  • A so-called “mansion tax” in Los Angeles appeared headed for passage. It would impose a one-time tax on residential and commercial property sales that exceed $5 million with money directed to construction of affordable housing, emergency rent subsidies, and services for those at-risk homelessness.
  • Berkeley, Calif., passed a $650 bond measure that sets aside $200 million to create 1,500 affordable units for low-income residents and people experiencing homelessness.
  • Oakland, Calif., passed a $350 million bond measure to buy, rehabilitate, and build affordable housing.
  • A bond measure passed in Buncombe County, North Carolina, (including the City of Asheville) that raises $40 million to pay for low-to-moderate-income affordable housing.
  • Austin, Texas, passed a $350 million bond measure for low-income rental housing, low-income homeownership, home repairs, and preservation of existing affordable housing.
  • A $200 million bond package passed in Columbus, Ohio, to create new affordable units, aid affordable home ownership, preserve existing affordable units, and support residents experiencing homelessness.
  • In Kansas City, Missouri, a $50 million bond measure will help rehabilitate, renovate, and construct housing for very low- to moderate-income households.

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