# @dailycal on Instagram

- **Type:** Image
- **Original URL:** https://www.instagram.com/p/C85p_dlPrdI
- **Gondola URL:** https://gondola.cc/posts/20223465-dailycal-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/legacy-do/897ce371edda92bee174c7b20a69eb705fb8f067c3591c700d0e4fc32842393b.jpg
- **Posted:** 2024-07-02T00:52:45.000+00:00
- **Account Owner:** The Daily Californian (@dailycal) — https://gondola.cc/dailycal

## Caption

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
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#ucberkeley #dailycal #housingcrisis #ballot

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## Tags

ballot, housingcrisis, dailycal, ucberkeley

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