Will resi get relief as Measure ULA goes under review?

It’s looking more likely changes to the city of Los Angeles’s Measure United to House L.A. are coming. What shape they take is unclear, but concerns about the tax’s “unintended consequences” for single-family residential properties have been overshadowed by commercial real estate. That’s not surprising given the 2022 ballot measure was sold as a mansion tax to help raise funds for tenant rights and homelessness programs. This past week’s move by the L.A. City Council to establish an ad hoc committee on the two-tier property tax aims to address the ire that came after mayoral hopeful and 4th District Councilmember […]This article originally appeared on The Real Deal. Click here to read the full story.