California State University Staff First-Time Homebuyer Down Payment Loan Program Initiative (2026)
| California State University Staff First Time Homebuyer Downpayment Loan Program Initiative | |
|---|---|
 | |
| Election date November 3, 2026 | |
| Topic Housing assistance programs and Higher education governance | |
| Status Cleared for signature gathering | |
| Type Constitutional amendment | Origin Citizens |
The California State University Staff First Time Homebuyer Downpayment Loan Program Initiative (#25-0018) may appear on the ballot in California as an initiated constitutional amendment on November 3, 2026.
The initiative would create a first time homebuyer downpayment loan program for qualifying staff of state universities. The initiative would authorize loans of up to 20% for downpayments for first time homebuyers who have worked for the state university system for at least five years.[1]
Text of measure
Ballot title
The ballot title is as follows:
| “ | Requires University of California to provide downpayment home loans to certain staff. Initiative constitutional amendment.[2] | ” |
Petition summary
The summary provided for inclusion on signature petition sheets is as follows:
| “ | University of California (UC) currently offers home loans to faculty and managers. This measure requires UC to provide no-interest 20% downpayment loans to non-faculty, non-managerial staff who are first-time homeowners with five years’ experience working for UC. No monthly payments required; staff must repay loan—plus 20% of any increase in home’s value—when home is sold or refinanced. Requires 75% of loans be made available to staff with household incomes at or below area median income. Prohibits using taxpayer funds, tuition, or General Fund to fund loans.[2] | ” |
Full text
The full text of the initiative can be read here.
Path to the ballot
An initiated constitutional amendment is a citizen-initiated ballot measure that amends a state's constitution. Eighteen (18) states allow citizens to initiate constitutional amendments.
In California, the number of signatures required for an initiated constitutional amendment is equal to 8% of the votes cast in the last gubernatorial election. A simple majority vote is required for voter approval. The requirements to get initiated constitutional amendments certified for the 2026 ballot:
- Signatures: 874,641 valid signatures are required.
- Deadline: The deadline for signature verification is June 25, 2026. However, the secretary of state suggested deadlines for turning in signatures of January 12, 2026, for initiatives needing a full check of signatures and April 17, 2026, for initiatives needing a random sample of signatures verified.
Initiative #25-0018
- September 5, 2025: Michael Avant filed the initiative with the California Attorney General's Office.[1]
- November 12, 2025: The initiative was cleared for signature gathering.
See also
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External links
Footnotes
- ↑ 1.0 1.1 Attorney General Information: Initiative and Referendum Proposals Pending Review By Attorney General, "25-0018 text," accessed September 2, 2025
- ↑ 2.0 2.1 Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.
