Proposition 1 on the 2026 California ballot authorizes the state to take out an $11.25 billion bond to fund an array of affordable housing programs, including the construction and preservation of affordable housing and the CalVet program, which helps veterans become homeowners.Additional Resources: Read the transcript for this episode Catch up on all of Prop Fest 2026 Sign up for our newsletter Got a question you want answered? Ask!Your support makes KQED podcasts possible. You can show your love by going to https://kqed.org/donate/podcastsThis story was reported by Adhiti Bandlamudi. Prop Fest is a collaboration between Bay Curious and The Bay. It’s made by Olivia Allen-Price, Katrina Schwartz, Christopher Beale, Anna Casalme, Ericka Cruz Guevarra, Alan Montecillo, Gabriela Glueck and Pauline Bartalone. Additional support from Jen Chien, Katie Sprenger, Maha Sanad, Ethan Toven-Lindsey and everyone on Team KQED.Learn more about your ad choices. Visit megaphone.fm/adchoices