SB 492: Youth Housing Bond Act of 2026.

The bill proposes to establish a youth housing program, which will provide funds for acquiring, renovating, constructing, and purchasing equipment for youth centers or youth housing. The program aims to support local agencies, nonprofit organizations, and joint ventures in addressing homelessness among youth. The program will be financed through the issuance of bonds, which will be sold to the public. The bonds will be used to provide one-time grant funds to support regional coordination and expand or develop local capacity to address homelessness among youth. The program will be implemented immediately, with the proposal being submitted to the voters at the November 3, 2026, statewide general election.