government
Voters nearly had a chance to gut the 'mansion tax.' Now, L.A. approves $544 million in spending
By Jack Flemming at Los Angeles Times - California
· June 26, 2026
· 1 min read
L.A. City Council has approved a $544-million spending plan for Measure ULA funds during the 2026 fiscal year, including $381 million for affordable housing initiatives and $163.3 million for homelessness prevention programs.
Key takeaway City Council has approved a $544-million spending plan for Measure ULA funds during the 2026 fiscal year, including $381 million for affordable housing initiatives and $163.
Why this matters in The Los Angeles
The Los Angeles City Council's approval of the $544-million spending plan for Measure ULA funds will have a direct impact on the city's efforts to address its affordable housing crisis and homelessness issues. With $381 million allocated for affordable housing initiatives, the city will be able to support the development of new housing units and programs aimed at helping low-income residents. The $163.3 million earmarked for homelessness prevention programs will also provide crucial services and support to those at risk of becoming homeless. As the city moves forward with implementing these initiatives, it will be crucial to monitor how the funds are being used and whether they are having a tangible impact on the community. The effectiveness of these programs will be closely watched by residents and city officials alike, as the city continues to grapple with the complex issues of housing affordability and homelessness.
About this story
Original reporting by Los Angeles Times - California . The Los Angeles surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
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Category: government ·
Published: June 26, 2026 ·
Source: Los Angeles Times - California ·
Reading time: 1 min
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Frequently asked about this story
What is this story about? L.A. City Council has approved a $544-million spending plan for Measure ULA funds during the 2026 fiscal year, including $381 million for affordable housing initiatives and $163.3 million for homelessness prevention programs.
When was this published? This article was first published on June 26, 2026 by Los Angeles Times - California and curated for The Los Angeles readers.
Who reported this story? This story was reported by Jack Flemming at Los Angeles Times - California. To learn more about how The Los Angeles selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more government coverage from The Los Angeles, or browse our daily briefing and topic hubs .
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