Lefty Hollywood legend Jane Fonda and the wife of multi-billionaire Google founder Eric Schmidt are teaming up to nix a popular proposal designed to make California’s housing more affordable.

Fonda and ultra-green activist Wendy Schmidt, who lives in a $100 million home bigger than the Taj Mahal, are waging war on Prop. 45 — a ballot measure designed on watering down the California Environmental Quality Act, a draconian 1970s law widely criticized for slowing down housing developments.

The group’s ”No on 45” campaign kicks off in Sacramento on Wednesday.

CEQA allows opponents to challenge major developments on environmental grounds, not only…

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