Prop. 37 qualified for the November ballot after supporters submitted more than 600,000 valid signatures earlier this year.
According to the measure's official title and summary, borrowers would pay at least 3% down, must be California residents for at least one year and earn less than 200% of the area median income. Homes must be new construction or the first sale of a converted nonresidential property and must be priced below $1 million to $1.5 million depending on the county, with the limit adjusted annually.
Other supporters of the measure included the United Nurses Associations of California, California Conference of Carpenters and State Treasurer Fiona Ma.
"California needs homeownership programs that lower families' total costs, confront racial barriers to building wealth, and support strong communities. Prop 37 does not meet that test," the league said in its voter guide.
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