Here’s what REALTORS® should know about Proposition 37 and why C.A.R. is sponsoring the measure.

For many California buyers, the path to homeownership starts with two familiar hurdles: coming up with the down payment and finding a home to buy.

The California Association of REALTORS® (C.A.R.) is sponsoring Proposition 37, a statewide measure on the November 3, 2026 ballot that C.A.R. says is designed to address both. The proposal would create a homebuying assistance program for eligible Californians purchasing qualified new homes, while also seeking to encourage additional housing construction.

What Would Prop 37 Do?

Proposition 37 would create a homebuying assistance program for eligible Californians purchasing qualified new homes.

Eligible buyers could finance up to 17% of the purchase price through the program after contributing at least 3% themselves. The assistance would be a loan, not a grant, and would be financed through revenue bonds repaid by participating homeowners. California’s official voter guide similarly describes the measure as authorizing up to 17% financing with at least a 3% buyer contribution.

Who Could Qualify?

To qualify, both the buyer and the home would need to meet certain requirements, including:

• Meet California residency requirements
• Meet program income requirements
• Contribute at least 3% of the purchase price
• Occupy the home as a primary residence
• Purchase a qualified new home within applicable price limits

Learn More About Proposition 37

HELP MAKE THE REALTOR® VOICE HEARD THIS ELECTION DAY!

If you’re interested in helping mobilize REALTORS® in your community ahead of the November 3 elections, sign up to become a Prop 37 Ambassador.

Visit voteyeson37.car.org to learn more about Proposition 37 and how it can help your clients take the first step toward homeownership.

Election Day: Tuesday, November 3, 2026

Voter Resources

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