The public sector is able to use a general obligation bond to raise revenue for infrastructure. The Bay Area Housing Finance Authority website explains that the bond allows investors to provide money as a loan, and the money is then repaid over time through taxes based on property value. In order to pass, the bond will require a two-thirds supermajority of votes. However, also on the ballot is a constitutional amendment that may lower the threshold of votes for affordable housing bond measures and local special taxes, including the bond, to 55%. At the press conference, Berkeley Mayor Jesse Arreguin stated that the attempt to implement a bond that incorporates 55% of the votes across all nine counties reflects the idea that the housing crisis cannot be fixed individually. Read more through the link in bio. ✍️: Reena Alsakaji . . . #ucberkeley #dailycal #housingcrisis #ballot