The region, known for its high real estate costs, will not see voters decide on this significant measure this year, delaying potential solutions to its housing affordability crisis.

However, in a recent shift, they decided against including the borrowing plan in this year’s election, suggesting that 2026 might offer a more favorable timing for its passage.

The measure faced tough prospects as it required over 67 percent voter approval, but recent polls showed only 55 percent support, indicating insufficient backing.

They said, “The BAHFA Board’s decision to withdraw the affordable housing bond measure from this November’s ballot is not one that was taken lightly,” acknowledging the complex nature of the housing crisis and the need for a collective regional effort.

They are waiting for more certainty and for voters to affirmatively weigh in on Proposition 5.

They said, “Their work to prepare for a November bond measure, and the relationships built along the way, have laid a strong foundation for future success.”

She said, “We are recommending that you pull (the measure) from the ballot and I really deeply regret this recommendation,” she said, expressing a sense of deep responsibility and urgency.

This change could significantly affect future housing efforts in the Bay Area.

“We have to be strategic,” he said, pointing to the necessity of choosing the right time to present such critical measures to the public.

“We know that we need the best shot in communicating with the voters in a way that helps people understand how important this opportunity is to getting housing built in our community, and that the timing was off,” she said.

This illustrates the significant potential impact of the funding on the regional housing landscape.

The board is looking forward to resuming its efforts, partnering with local governments and organizations to ultimately achieve their goal of more affordable housing in the Bay Area.