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Source:
Los Angeles Times
L.A. authorizes $466M for affordable housing
The Los Angeles City Council has approved a record $466.6 million in affordable housing funding, primarily stemming from Measure ULA, the mansion tax on high-value property sales. The funds will support new construction and renovation projects and are part of the city's efforts to address the housing shortage. Applications for the funds will open in October, with recipients announced in February, pending mayoral approval.
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