What's the purpose of this reorganization? And really, what does it mean for the state?

Sure thing.

Let's do a little bit of context.

For most other states, there is one housing agency, and they manage all of the housing resources and programs that go towards funding that housing development.

California has upwards of six different departments that are housed under currently or up until now one mega agency that also dealt with cannabis rules, alcohol and beverage control, horse racing.

And what that means is that when that many different departments are put in such a big, complex kind of an organization.

No one can get the attention it needs.

Alicia, what should Californians know about the major state housing bonds and financing structures being discussed in the state of California?