The Cal Veterans home loan program is the ONLY bond measure on the CA ballot that will not cost taxpayers anything!
Here’s how it works: CA sells bonds that finance home loans to CA VETS. The CA Vets pay their mortgages, which repays the bonds, including interest. This program has a 100% track record of the bonds being repaid by the VETS themselves.
ZERO out of pocket for the taxpayers!
That makes sense.