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Council approves $360M in Measure ULA awards to build and preserve affordable housing
Summary
The council voted to move roughly $360 million in Measure ULA funds, authorizing about 80 projects and an estimated 4,000+ affordable units across the city; proponents said the allocation accelerates shovel-ready projects and preserves social housing.
The Los Angeles City Council on Tuesday approved a major funding allocation under Measure ULA, moving roughly $360 million across about 80 projects intended to build and preserve more than 4,000 affordable homes.
Councilmember Isabel Jurado, speaking for the ad hoc committee on Measure ULA, described the vote as “a historic investment” intended to convert…
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