Governor Newsom has proposed a $125 million mortgage relief program for homeowners affected by natural disasters since 2023, aimed at preventing foreclosure and providing mortgage counseling services. The program will utilize existing mortgage settlement funds and will be administered by the California Housing Finance Agency. Additionally, executive orders have been issued to streamline rebuilding efforts, protect tenants, and support small businesses. The passage of Proposition 1 will also enhance California's behavioral health system, focusing on mental health and substance use support.
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