California Proposition 1C, passed in 2006, authorized the state to sell $2.85 billion in bonds to fund various housing-related programs. The primary goal was to increase affordable housing options and assist low-income families in purchasing homes. The funds were allocated for programs like California Housing Finance Agency loans and California Department of Housing and Community Development initiatives. The proposition aimed to address the growing housing crisis in California by providing financial support for the construction and rehabilitation of homes. It also included provisions for homeless assistance and aimed to improve the overall quality of housing across the state.