California school bond measure needed to keep homes affordable, builders say
If builders are forced to pay the entire cost for new schools, home prices could jump by $10,000
Construction interests across California are backing a proposed school facilities bond measure they say is needed to keep new homes affordable. Without a new statewide bond, school districts could force developers to pay for the entire cost of building new schools. That could increase the cost of homes by up to $10,000, according to the California Building Industry Association.