VX News is the editorial voice of the annual VerdeXchange Conference, featuring in-depth interviews with industry leaders and policymakers driving innovation in clean energy, water, transportation, and climate policy.

VX News here republishes a Los Angeles Times articleon voters’ approval of Propositions 1 and 37, which each passed with roughly 60% of the vote in preliminary results. Proposition 1 authorizes $11.25 billion in bonds, mostly for building and renovating low-income housing, with $350 million going to UC and CSU student housing. Proposition 37, authored by former Senate Majority Leader Bob Hertzberg, creates a self-funding down payment assistance fund of up to $25 billion for middle-income buyers of new homes.