Measure ULA is a property tax increase — it would be the largest property tax increase in L.A. history — a whopping 34% hike.
ULA amounts to a special interest giveaway to a select few “affordable housing” developers in L.A. who on average charge over $600,000 a unit while increasing costs for everyday Angelenos.
ULA creates a new layer of government bureaucracy with a “L.A. Citizens Oversight Committee” and Tenant Councils that could cost taxpayers as much $70 million a year in new administrative and overhead costs.
ULA allows as much as 13% of all funds — or about $130 million — to be spent on administrative or overhead costs.
Only half of Measure ULA’s promised revenues will actually go toward affordable housing development years down the road.
Angelenos already raised our taxes by $1.2 billion (Measure HHH) to address homelessness, and politicians have failed to deliver on their promise.
We all want to solve the homelessness crisis, but Initiative Ordinance ULA is the wrong approach.
Join renters, homeowners, small businesses, veterans, social justice leaders, and community advocates.
Paid for by Angelenos Against Higher Property Taxes — No on ULA and SP, a coalition of Los Angeles homeowners, renters, taxpayers, and small businesses. 13636 Ventura Blvd. #518, Sherman Oaks. Committee major funding from California Business Roundtable, California Business Properties Association, and National Association of REALTORS®. Additional information is available at ethics.lacity.org.