Vote Yes on Prop 37!
REALTORS® know firsthand how difficult it has become for middle-class Californians to achieve the dream of homeownership. Proposition 37 can help change that, and California REALTORS® can help get it passed.
C.A.R. is proud to sponsor Proposition 37. Now, California REALTORS® can join us to expand homeownership opportunities.
Share with your network. Use your voice. And vote YES on November 3.
What is Proposition 37?
Proposition 37 tackles one of the biggest barriers to homeownership by helping Californians purchase newly built homes with just 3% down, giving hardworking Californians a fair shot at homeownership — with zero cost and zero risk to taxpayers.
The Down Payment Barrier
For many Californians, the biggest barrier to buying a home isn’t the monthly payment. It’s the down payment. Proposition 37 is designed to help working families who earn too much for down payment assistance programs but still cannot save enough to buy a home.
Proposition 37 provides fixed-rate financing for up to 17% of a new home’s purchase price, reducing the required down payment to just 3%.
What Proposition 37 Means for California
For too many Californians, the path to homeownership is out of reach, not because they cannot afford a home, but because they cannot afford to get in the door. Proposition 37 creates a better starting point.