The revenue generated from residential transactions under Measure ULA has consistently dominated, amounting to $11.6 million in September, illustrating the tax's impact on high-value sales.
Since the implementation of Measure ULA, the residential sector has accounted for 59 percent of total revenue, highlighting its significance in funding affordable housing and support programs.
Voters approved Measure ULA in November 2022, with expectations to generate up to $1.1 billion annually for initiatives aimed at addressing housing shortages and homelessness.
The distribution of low-income funds is overseen by a Citizens Oversight Committee established by Measure ULA, ensuring transparency and accountability in spending.
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