There are some people who have not purchased homes because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize,
Real Estate News
"LA County Voters to Decide on Permanent Half-Cent Sales Tax for Homeless Services This November"
A proposed measure to establish a permanent half-cent sales tax in Los Angeles County to fund affordable housing and homeless services has officially qualified for the November ballot. Announced on Tuesday, June 18, campaign organizers revealed that the measure, known as the Affordable Housing, Homelessness Solutions and Prevention Now measure, will replace the existing Measure H quarter-cent sales tax, which was approved by voters in 2017 and is scheduled to expire in 2027.
The new measure seeks not only to expand programs that address the root causes of homelessness but also to focus on preventing people from losing their homes in the first place, an area that proponents say past efforts have overlooked. Last month, a coalition of housing affordability advocates, mental health experts, service providers, and other stakeholders submitted over 410,000 signatures to the county registrar’s office, far exceeding the 238,922 valid signatures needed to qualify for the November 5 ballot.
Elise Buik, president and CEO of United Way of Greater L.A., expressed her gratitude for the widespread support: “It’s inspiring to see hundreds of thousands of L.A. County residents stepping up and affirming that we need bolder action to make housing more affordable and increased accountability that is tied to clear results. I’m deeply thankful to the thousands of volunteers who helped power forward this qualification effort.”
The proposed measure aims to make housing more affordable and to increase mental health and substance abuse treatment services. To ensure accountability, service providers receiving funding would be required to meet performance goals, report their spending, and undergo annual audits.
Despite the broad support, the proposal has faced some opposition. Last month, the head of the Los Angeles County Business Federation, known as BizFed, raised concerns about the new tax. BizFed’s leader emphasized that while business leaders are committed to supporting efforts to combat homelessness, this proposal is “rushed” and would result in a “forever tax,” despite Measure H still having three years remaining.
The upcoming ballot measure represents a critical decision point for Los Angeles County residents, as they weigh the need for long-term solutions to homelessness against concerns about the permanence and timing of the new tax.
Real Estate Blog
If you’re considering buying a home in a community governed by a Homeowners Association (HOA), you’re not alone. HOAs are common, offering a structured community environment with shared amenities and well-maintained surroundings. However, navigating life with an HOA can come with its own set of challenges and benefits. Here’s a handy guide to help you make the most of your HOA experience.
Navigating the world of home financing can be complex, especially when deciding between a mortgage broker and a mortgage banker. Understanding the distinctions between the two can help you make an informed choice that best suits your financial needs and goals.
As the effects of climate change continue to intensify, the repercussions are reverberating throughout various sectors, including the home insurance industry and the broader U.S. housing market. With each passing year, extreme weather events fueled by climate change are leaving an indelible mark on the affordability and availability of home and fire insurance across the nation.
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I met Mr Hyde in 2017 while searching for someone to help my sister in law who was in a financially challenging position
I was referred to Lamont Hyde from a neighbor of mine who had used him to purchase her home a few years back. My mother had past away a few months
My wife & I never thought we could afford to own our home. We were currently living with my mother since being married 8 years ago.
