LA’s ‘Mansion Tax’ Has Worsened the Housing Crisis, Study Finds
Two and a half years ago, Los Angeles voters approved a tax measure aimed at addressing the city’s affordable housing crisis.
Two and a half years ago, Los Angeles voters approved a tax measure aimed at addressing the city’s affordable housing crisis.
In 2022, Los Angeles voters passed Measure ULA, also known as the “mansion tax.” It levies a 4% transfer tax on properties sold for more than $5 million and a 5.5% charge on property sales above $1
A law aimed at coaxing cities to plan for more affordable housing has been causing confusion for local governments and developers alike.
An innovative approach to the housing crisis in Hermosa Beach is capturing the attention of housing experts and other municipalities.
The complex’s 110 units are being built through a public-private partnership that includes Mercy Housing California (MHC), Abode Communities, and the City of Palo Alto.
California’s affordable housing crisis has forced countless residents out of their homes and neighborhoods. As an unfolding drama in Ojai reminds us, elected officials are not immune.
As California locales rush to comply with state housing mandates, one wealthy town appears to be getting a pass.
Fullerton city leaders voted 3 to 2 last week to direct staff to study the feasibility of an inclusionary housing mandate.