Real Estate/Development
Sep. 28, 2026
Measure ULA survives, but reform isn't over: Part two
Measure ULA remains intact, but proposed state caps and local tax relief for multifamily and mixed-use projects could change how developers, investors and lenders approach future Los Angeles transactions.
Los Angeles' Measure ULA remains in effect, but the debate over its future has shifted. With the statewide ballot measure that posed the most direct threat to the tax now withdrawn, attention has turned to targeted state and local reforms that could reduce ULA's impact on development and investment.
For developers, investors, lenders, owners and other real estate participants, the changing reform landscape creates both potential opportunities and conti...
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