The Murphy Ranch rental housing complex in Morgan Hill. Story is about how funds from Prop 46, a $2 billion bond measure for affordable housing passed in 2002, are being spent in Santa Clara County and around the Bay Area. This affordable rental housing development in Morgan Hill, called Murphy Ranch, serves low-income renters. Some rents are as low as $383/month for a two-bedroom apartment. Victoria Rossi is a tenant here, along with her 3 kids.  (PATRICK TEHAN/ THE SAN JOSE MERCURY NEWS/MAY 20, 2005)
Patrick Tehan The Murphy Ranch rental housing complex in Morgan Hill. Story is about how funds from Prop 46, a $2 billion bond measure for affordable housing passed in 2002, are being spent in Santa Clara County and around the Bay Area. This affordable rental housing development in Morgan Hill, called Murphy Ranch, serves low-income renters. Some rents are as low as $383/month for a two-bedroom apartment. Victoria Rossi is a tenant here, along with her 3 kids. (PATRICK TEHAN/ THE SAN JOSE MERCURY NEWS/MAY 20, 2005)

Santa Clara County leaders agreed to place a massive bond measure on November's ballot that would raise nearly a billion dollars for affordable housing in coming decades.

The property tax would raise about $950 million over 30 years and cost homeowners about $12.60 per $100,000 in property value. The measure will require a two-thirds vote to pass, reports Eric Kurhi of the Bay Area News Group. He writes:

While other municipalities have put affordable housing bonds on the ballot before -- San Francisco passed its own $300 million bond last November -- the size of Santa Clara County's version and its dedication of funds to the most needy homeless population make it stand out, advocates said.

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