California Housing Partnership reposted this
Wondering how to talk about Proposition 5 to your friends and neighbors asking you for advice on how to vote November 5th? The new economic impact analysis we just published finds that for every $100M in new bonds that local communities issue using Prop 5 authority (similar to the authority that Prop 39 provided in 2000 to raise funds for school facilities), communities can expect the following benefits: ● 1,500 new affordable and moderately priced homes ● $14,000 in annual household savings due to lower rents ● $40,000 per unit reduction in cost to build housing ● 13,440 new jobs (one-time and permanent) and ● $2.5 million in annual benefits from lower greenhouse gas emissions. If Proposition 5 increases local housing and public infrastructure bond issuances at just half the rate that Proposition 39 did for schools, over a 10-year period, we can expect something like the following cumulative benefits across the state: ● 382,000 new affordable homes ● $5.3 billion in rent savings per year ● 2.8 million to 7.6 million new one-time jobs in residential construction ● $218 billion to $325 billion in added labor income ● 535,000 to 4.4 million permanent jobs ● $60 billion to $500 billion in new economic output ● $27 billion in broadband expansion, water management, and public transit. Read more here: https://lnkd.in/gNHnK6Pf