{"id":32470,"date":"2025-07-02T11:37:09","date_gmt":"2025-07-02T11:37:09","guid":{"rendered":"https:\/\/www.europesays.com\/us\/32470\/"},"modified":"2025-07-02T11:37:09","modified_gmt":"2025-07-02T11:37:09","slug":"los-angeles-approves-plan-to-spend-nearly-425-million-in-mansion-tax-money","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/32470\/","title":{"rendered":"Los Angeles approves plan to spend nearly $425 million in &#8216;mansion tax&#8217; money"},"content":{"rendered":"\n<p>The Los Angeles City Council on Tuesday approved a plan to spend nearly $425 million collected from Measure ULA, directing the money to a series of affordable housing and homelessness programs. <\/p>\n<p>The <a class=\"link\" href=\"https:\/\/lacity.primegov.com\/api\/compilemeetingattachmenthistory\/historyattachment\/?historyId=b66fb7d2-6c86-4ecf-8ab5-34807c91f5c5\" target=\"_blank\" rel=\"nofollow noopener\">spending plan<\/a> for the 2025 fiscal year that started Tuesday is the largest yet under Measure ULA, also known as the mansion tax. <\/p>\n<p>The voter-approved measure, which taxes property sales above about $5 million, has drawn criticism from the real estate industry for years and recently been the subject of several reports that found it has limited property sales and thus reduced <a class=\"link\" href=\"https:\/\/www.latimes.com\/california\/story\/2025-04-04\/report-claims-the-mansion-tax-stifles-commercial-development-in-l-a\" rel=\"nofollow noopener\" target=\"_blank\">property tax revenue<\/a> and the construction of new <a class=\"link\" href=\"https:\/\/www.latimes.com\/california\/story\/2025-04-11\/measure-ula-is-reducing-apartment-development-in-the-city-of-l-a-report-says\" rel=\"nofollow noopener\" target=\"_blank\">housing<\/a>. <\/p>\n<p>Backers, however, tout the measure as providing crucial dollars to affordable housing and homelessness prevention programs at a time when the state and county have cut funding. <\/p>\n<p>In all, the 2025 ULA spending plan is greater than all other years combined.<\/p>\n<p>\u201cDon\u2019t believe the hate from big-money real estate or their lies appearing all over the media,\u201d Joe Donlin, director of United to House LA, said in a statement. \u201cMeasure ULA is doing the steady work to create stable homes and good jobs for Angelenos.\u201d<\/p>\n<p>Under the plan approved Tuesday, more than $100 million is set to flow to homelessness prevention programs, including income support for at-risk tenants and eviction defense.<\/p>\n<p>The majority of the 2025 funds, more than $288 million, is to be spent on the production and preservation of affordable housing.<\/p>\n<p>Since voters passed <a class=\"link\" href=\"https:\/\/www.latimes.com\/california\/story\/2024-09-06\/la-mansion-tax-has-collected-375-million-what-would-the-money-do\" rel=\"nofollow noopener\" target=\"_blank\">Measure ULA<\/a> in late 2022, the tax has collected more than $702 million, according to the city\u2019s Housing Department.<\/p>\n","protected":false},"excerpt":{"rendered":"The Los Angeles City Council on Tuesday approved a plan to spend nearly $425 million collected from Measure&hellip;\n","protected":false},"author":3,"featured_media":32471,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5123],"tags":[852,1582,276,19728,25140,27254,27251,2961,224,5337,27249,27250,6459,18416,27253,27252,14049,5618,6225],"class_list":{"0":"post-32470","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-los-angeles","8":"tag-affordable-housing","9":"tag-ca","10":"tag-california","11":"tag-director","12":"tag-fiscal-year","13":"tag-good-job","14":"tag-homelessness-program","15":"tag-la","16":"tag-los-angeles","17":"tag-losangeles","18":"tag-mansion-tax","19":"tag-measure-ula","20":"tag-money","21":"tag-plan","22":"tag-property-sale","23":"tag-real-estate-industry","24":"tag-spending-plan","25":"tag-tuesday","26":"tag-united"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/114783443006050357","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/32470","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=32470"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/32470\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/32471"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=32470"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=32470"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=32470"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}