No one is stealing property. You need to stop listening to the people who hate California, liberals, the left, and America. They're filling your mind with poison to turn you against your brothers and sisters. It's all coming down from the top. The billionaires want to fighting each other. They've got you convinced that it's the poorest, weakest, least threatening people on the planet who are your enemy. They do this so that you keep voting them in power so they can keep hoarding more and more for themselves.
Low income housing is important for society in many ways. Not only does it benefit low income individuals it benefits everyone else as well.
Private money can be spent however they want to spend it. In this case it's going to people who need it the most. Why do you hate the poor?