The Los Angeles City Council approved a $425 million spending plan from Measure ULA for the 2025 fiscal year, focusing on affordable housing and homelessness programs. This plan is the largest yet under Measure ULA, which taxes property sales above $5 million. Despite criticism from the real estate industry regarding its impact on property sales, supporters emphasize its importance for funding housing initiatives. Over $100 million will support homelessness prevention, while more than $288 million will be directed toward affordable housing production and preservation. Measure ULA has collected over $702 million since its passage.
Don't believe the hate from big-money real estate or their lies appearing all over the media. Measure ULA is doing the steady work to create stable homes and good jobs for Angelenos.
In all, the 2025 ULA spending plan is greater than all other years combined.
More than $100 million is set to flow to homelessness prevention programs, including income support for at-risk tenants and eviction defense.
The majority of the 2025 funds, more than $288 million, is to be spent on the production and preservation of affordable housing.
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