Los Angeles City Council is pushing forward with efforts to address the city’s housing crisis by approving the spending and program guidelines under Measure ULA. This measure, which was approved by voters in 2023, imposes a tax on property sales over $5 million to fund various housing programs. These programs include eviction defense, rental assistance, senior income support, and social housing initiatives. The goal of the social housing approach is to create permanent affordable housing and prevent properties from being sold to for-profit groups or private individuals. Tenants will also have a say in property management, with the eventual goal of allowing them to own their homes. California is also exploring the idea of a statewide social housing model, but all eyes are currently on Los Angeles to see how this innovative approach will impact the housing market.
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