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Hollywood 4WRD Special Member Event on 10/29 -- ULA: 3 Years In - Housing Leaders Discuss the Impact of LA’s “Mansion Tax''
Three years after voters approved Los Angeles’ “Mansion Tax” (Measure ULA), the city is still grappling with its impact. The measure, enacted in April 2023, levies a 4% tax on property sales between $5 million and $10 million, and 5.5% on sales above $10 million. It has generated unprecedented municipal revenue for affordable housing and homelessness prevention — but has also raised questions about slowed housing production, transparency in spending, and unintended effects on the real estate market. On
Gubler Blogs: Finally, A Step in the Right Direction to Help Mentally-Ill Homeless
Recently, I have observed an upswing in the number of residents, businesses and tourists asking why the City and State allow obviously-mentally ill people to wander our streets, endangering both themselves and the public. It is a fair question, but there has been no acceptable answer to this question.Finally, we are beginning to see some of our public officials address what is a deplorable situation. Plaudits go to our L.A. County Board of Supervisors for approving a motion last week asking the California
It's All About Jobs: The Elephant in the Room
The legislative season is over, and we finally have begun to see our California legislature act on the housing crisis in this state. The Governor signed 15 bills that were intended to smooth the way to more housing being built.Over the past year, you have heard me discuss the importance of addressing California’s housing crisis. So, I think it is appropriate to commend the legislature and the Governor for taking steps to start addressing what is an enormous problem.Among the bills that were passed was a
L.A. Mayor Eric Garcetti Addresses the Hollywood Community
The Hollywood Chamber of Commerce hosted an exclusive Breakfast with L.A. Mayor Eric Garcetti on Thursday, July 20th at Loews Hollywood. This was the second address by Mayor Garcetti to the Hollywood community since taking Mayor’s office in 2013. Attendees and sponsors heard Mayor Garcetti discuss extending the California film tax incentive bill AB-1839, homelessness, public safety, the proposed Affordable Housing Linkage Fee, the proposed Hollywood Community Plan Update, tourism projections, Los Angeles’
