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Council approves $424 million ULA expenditure plan to fund affordable housing and renter supports
Summary
The council approved the fiscal year 2025–26 expenditure plan for the Unemployed/Local Allocation (ULA) — moving approximately $424 million into housing justice programs including construction/preservation, rental assistance and a major notice of funding availability.
The Los Angeles City Council voted on July 1 to adopt the fiscal year 2025–26 ULA expenditure plan, committing the largest-ever annual allocation from the city’s ULA revenue to housing and renter programs. Councilmembers described the plan as a major investment in preventing eviction and accelerating affordable housing construction.
Councilmember Eunice Hernandez spoke in favor of the plan on the floor, calling it the largest ULA expenditure plan and noting it moves more than $424 million into…
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