Advocates in Los Angeles are gearing up for a campaign to place an $8 billion ballot measure on the November 2022 ballot – called United to House LA – to provide funding for the development of affordable housing, the preservation of existing affordable housing, and for assistance to residents at risk of displacement. The focus will be on people experiencing homelessness and those who are at risk of homelessness (those who earn less than 30% of the area median income). Seventy percent of the funding would go to affordable housing production, preservation, and homeownership, with the remaining 30% targeted to programs that prevent and respond to homelessness and housing instability.
Sponsored by the Alliance for Community Transit, the Southern California Association for Nonprofit Housing, MOVE LA, Strategic Actions for a Just Economy, and LA-OC Building Trades Council, the measure will generate an estimated $875 million annually through an increase in the local real estate transfer fee. This fee will only impact those properties that sell for more than $5 million. According to the sponsors, only 3% of all property sales would have been subjected to this one-time fee if it had been in place between March 2019 and March 2020. Ballot language is available here.
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