Jacqueline Woo, Senior Associate

In case you missed it, LeSar Development Consultants published a comprehensive report on the many housing measures throughout the State on November’s ballot. Read More for a summary of significant measures were approved by voters:

• Voters in the City of Los Angeles said yes to a new transfer tax on real estate valued at more than $5 billion, which is expected to result in more than $923 million annually for new affordable housing production and homelessness prevention.
• Oakland voters said yes to a bond measure that will provide $350 million for the construction and preservation of interim and permanent affordable housing.
• In Santa Monica, voters approved a new transfer tax that is expected to raise an estimated $50 million annually for affordable housing.  
• In San Francisco, a new tax on homes vacant for more than 182 days in a calendar year was approved, which is expected to raise $20 – 37 million annually for rent subsidies and affordable housing.

Check out more election news here.