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January 17, 2025
Last week, Governor Newsom unveiled the first step of the budget process by releasing the 2025-26 state budget proposal.
May 20, 2025
On May 14, Governor Newsom released his May Revise to the 2025-26 state budget, announcing a $12B deficit and offering a dire updated proposal with no funding for the major state housing programs.
January 21, 2026
While the Governor, State Legislators, and California voters all want to see more progress in addressing housing affordability, the Governor's initial budget proposal does not include any new state funds for existing affordable housing programs. Our analysis shares what this would mean, what we're proposing instead, and what you can do next.