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Prop. 1: Should California borrow $11.25 billion to build more affordable housing?

California voters will decide whether to authorize $11.25 billion in bonds to fund new affordable housing construction. The measure aims to ease the burden on renters who spend too much of their income on housing. For LA entrepreneurs, passage could expand workforce housing options and support business growth in a tight labor market.

Prop. 1: Should California borrow $11.25 billion to build more affordable housing?

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Summary written by Entrepreneurs Of Los Angeles. The original reporting belongs to LAist; we do not republish the article.

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