L.A. City Council approves 'mansion tax' spending plan and program guidelines
Briefly

from Los Angeles Times3 months ago
The Los Angeles City Council approved new guidelines for the Measure ULA tax, directing funds towards affordable housing, rental assistance, and eviction defense, amidst ongoing litigation.
Los Angeles Timeshttps://www.latimes.com/california/story/2024-12-10/l-a-city-council-approves-mansion-tax-program-guidelines-and-spending-plan
The guidelines, developed by a citizens oversight committee, will enable funding for social housing projects where tenants have a key role in building management and ownership.
Los Angeles Timeshttps://www.latimes.com/california/story/2024-12-10/l-a-city-council-approves-mansion-tax-program-guidelines-and-spending-plan
The upcoming fiscal plan allocates $168 million from the ULA tax, focusing mainly on constructing and preserving affordable housing, with substantial funds also supporting renters.
Los Angeles Timeshttps://www.latimes.com/california/story/2024-12-10/l-a-city-council-approves-mansion-tax-program-guidelines-and-spending-plan
With $133 million dedicated to building and rehabilitating affordable housing, the Measure ULA tax is poised to significantly impact Los Angeles's housing landscape.
Los Angeles Timeshttps://www.latimes.com/california/story/2024-12-10/l-a-city-council-approves-mansion-tax-program-guidelines-and-spending-plan
Read at Los Angeles Times
#measure-ula #affordable-housing #los-angeles-city-council #social-housing #rental-assistance
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