By Dan Carson
A $25 billion statewide bond measure headed for the November 2026 ballot could pave the way for middle income Davis families to purchase new homes in Village Farms Davis with only a 3 percent down payment via an innovative new statewide program that would create no cost burdens for City of Davis or California taxpayers.
Backers of the measure have already submitted 920,000 signatures to send the California Middle Class Homeownership and Family Home Construction Act to the voters, well in excess of the 546,652 signatures needed to qualify it for a November 3, 2026 vote. About 2,300 registered voters in Yolo County signed petitions to send the measure to the voters.
“We are excited about this promising new ballot initiative,” said Sandy Whitcombe of the Yes on V campaign. “If it passes, this program could be the key for the many young families who can afford monthly payments for a modest home but haven’t been able to save up tens of thousands of dollars for a 20 percent down payment — a goal post that keeps moving further away from them as home prices increase. Village Farms Davis was designed with a diverse mix of new housing options for the missing middle, and it appears most of the homes would qualify for this downpayment assistance.”
The full text of the measure can be found via the link below. It would authorize the issuance of new state revenue bonds that would be sold to spur the development of additional housing within the financial reach of middle income families.
(more…)



