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Regional $20 billion housing bond and Prop 5 changes could bring $2 billion to Alameda County
Summary
Staff updated supervisors on recent amendments to the state constitutional amendment (now Prop 5) and on a $20 billion Bay Area Housing Finance Agency bond placed on the November ballot; if the measures pass as structured, Alameda County could receive about $2 billion to support production, preservation and flexible housing initiatives, though restrictions limit using bond funds for operating subsidies and for acquisition of 1–4 unit properties.
Michelle Starett told the Health Committee that recent changes to a proposed state constitutional amendment (now appearing on the ballot as Prop 5) and a separate Bay Area regional bond could reshape how regional housing dollars are raised and used.
She said the Bay Area Housing Finance Agency (BAHFA) board voted on June 26 to place a $20,000,000,000 regional housing bond on the November ballot for the nine‑county Bay Area. Starett described amendments to the constitutional change (ACA 1 / Prop 5) that narrowed the measure — removing special taxes from the scope so special taxes would still require a two‑thirds…
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