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Since the implementation of the ULA measure (mansion tax) in November 2022, which was supported by 58% of Los Angeles city voters, thousands of residents have been provided with housing security and rental assistance. City officials and supporters celebrated at a site of 177 affordable housing units funded by this measure. The measure took effect on April 1, 2023, imposing a transfer tax on high-value residential and commercial real estate to fund affordable housing and homeless assistance. The latest tax rates indicate that real estate transactions over $5.3 million are subject to a 4% transfer tax, and those over $10.6 million are subject to a 5.5% tax. As of this March, the measure has generated $632.59 million in revenue, assisting approximately 11,000 residents and facilitating the construction of 795 housing units and creating 10,000 job opportunities. Despite facing legal challenges, the "mansion tax" is expected to become an important force for affordable housing and tenant protection in Los Angeles. The City Council is also discussing providing legal counsel rights for tenants facing eviction.

The ULA measure, commonly known as the "Mansion Tax," was supported by 58% of Los Angeles city voters in November 2022 and has been in effect for two years, providing housing security and rental assistance to thousands of residents. Los Angeles city officials and supporters recently gathered at Enlightenment Plaza to celebrate the groundbreaking of a 177-unit affordable housing project funded by the "Mansion Tax."

The ULA measure took effect on April 1, 2023, imposing a real estate transfer tax on high-value residential and commercial property transactions to fund affordable housing, prevent homelessness, and assist tenants. According to the tax rates for 2025, residential and commercial property transactions in Los Angeles exceeding $5.3 million are subject to a 4% transfer tax, while property transactions exceeding $10.6 million are required to pay a 5.5% transfer tax.

As of March of this year, according to data from the Los Angeles Housing Department, the ULA measure has generated a total revenue of $632.59 million from 939 taxed transactions, over half (54%) of which came from single-family home transactions, followed by commercial property transactions (20%), and multi-unit apartments representing about 11%. Taxed property transactions are mainly concentrated in Los Angeles City’s 11th, 5th, and 4th districts.

A member of the Los Angeles City Council and the Housing and Homelessness Committee stated, "Los Angeles now has effective tools to address housing and homelessness issues," emphasizing that in the context of federal funding cuts and the city facing severe budget deficits, the "Mansion Tax" is indispensable for protecting residents' rights and improving their quality of life.

Statistics indicate that as of February 2025, the "Mansion Tax" has helped approximately 11,000 Los Angeles residents stay in their homes through rental assistance programs, facilitated the construction of 795 affordable housing units, and created 10,000 construction job opportunities. The program raises funds by imposing a transfer tax on the top 4% of property transactions in Los Angeles, with an anticipated total revenue of around $4 billion over the next ten years.

Despite facing multiple legal challenges from wealthy individuals and developers over the past two years, including attempts to overturn or weaken its impact, the "Mansion Tax" has remained unaffected. As the threat of federal housing funding cuts looms, this voter-supported, locally funded program will continue to be a vital force in maintaining affordable housing development and tenant protections in Los Angeles.

The director of the ULA measure organization asserted that even before the federal Department of Housing and Urban Development funding cuts, the "Mansion Tax" had become the largest affordable housing funding program in the city's history, and its importance is now more pronounced. The funds generated by this measure are restricted to 11 categories approved by voters, including financial support for affordable development projects and enforcement funding for the Los Angeles "Anti-Harassment Tenant Ordinance."

The Los Angeles City Council is currently discussing the provision of legal counsel rights for tenants facing eviction through the ULA measure and plans to introduce new models of housing and ownership, such as social housing, in the future.