California Homebuying Loan Program Proposition

Proposition 37 is a California ballot measure currently scheduled for voting on November 3, 2026. It would create a $25 billion mortgage loan program for home buyers who make less than 200% of the area median income. This market will resolve to “Yes” if the specified ballot measure is approved by a majority of voters at the California statewide general election currently scheduled for November 3, 2026. Otherwise, this market will resolve to “No.” If voting on the specified ballot measure does not occur, or the results thereof are not known…