If approved, the money would have to be matched dollar-for-dollar by an outside source. The source would have to be secured by universities seeking to take advantage of the money.
The bill includes $195 million to create housing for the mentally ill, senior citizens and low-income families. It also includes a $15 million proposal for the development of new housing for low-income students within a one-mile radius of a University of California or California State University campus.
According to Assemblywoman Dion Aroner, if the amendment makes it to the voters in November, it would be the first time that a general obligation housing bond measure seeks to set aside money solely for student housing.
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