Implemented in April on properties over $5M, the ULA Tax was intended to bring in an average of $56M in revenue per month to the city of L.A. During its first month, it brought in just $3.6M
Some landlords are declining the funds because of regulatory tape attached to them. Others hope to replace struggling tenants with more financially secure renters
Over 30 million people currently receiving benefits stand to lose $600 per week, launching the percentage of renter households facing a severe housing burden from about 3% to 41%
Seattle-based real estate company launches first social impact program