C.A.R. is pleased to sponsor Proposition 37, which will be on the Nov. 3 ballot. Prop 37 tackles two of the biggest barriers facing homebuyers today: saving for a down payment and the shortage of homes available to buy. Here’s why C.A.R. is sponsoring Prop 37:
- It helps qualified Californians overcome the high down payment required for buying a home by providing up to 17% of the purchase price of a new home. Eligible buyers must be a California resident, have income up to 200% of the Area Median Income (AMI), put at least 3% down, and occupy the home as a primary residence.
- It helps build more homes. Prop 37 applies only to newly constructed homes, helping spur new construction and expand California’s housing supply by an estimated 190,000 homes.
- No cost to taxpayers. The program would be funded through revenue bonds purchased by private investors, not taxpayers. Participating homeowners would repay the bonds, not the state’s General Fund.
California needs more homes and more opportunities for working and middle-income families to become homeowners. Prop 37 helps address both.
If you missed the Prop 37 Town Hall held last month or if you want to revisit the discussion, you can access the recording and a growing collection of campaign resources online here, and vote YES on Prop 37 on Nov. 3.
Become a Prop 37 Ambassador and help mobilize REALTORS® in your community. Ambassadors will take action and help spread the word by sharing information with fellow REALTORS®, participate in local meetings and events, and encourage their professional and personal networks to vote YES on Proposition 37. Sign up here.
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September 29, 2026
