As Challenges Loom, L.A. City Council Approves $150 Million In ‘Mansion Tax’ Spending
The Los Angeles City Council passed a $150-million spending plan for funds raised by Measure ULA on Tuesday, marking the first time funds will be specifically allocated since Angelenos passed the tax in November. The expenditure plan will be directed to six programs: short-term emergency rental assistance, eviction defense, tenant outreach and education, direct cash assistance for low-income seniors and people with disabilities, tenant protections, and affordable housing production. “This is the largest source of revenue, that’s going to be consistent, that this city has access to for these uses ever,” said Councilmember Nithya Raman. “It’s really transformative for Los Angeles.” Of the $150 million, $23 million will go toward eviction defense, $23 million will go toward income support for rent-burden seniors, and $18.4 million will go toward rent debt assistance. The first program to be implemented will be an emergency rental assistance program, which will open Sept. 19.
Los Angeles Times
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