
Dissent | Getty
Officially called Measure ULA (United to House LA), the law went into effect in April 2023, and it is likely the largest locally generated housing fund in any U.S. city. By November 30, 2024, it had raised $479 million from 713 transactions. That pace is likely to increase significantly once high interest rates—an obstacle to real estate construction and sales—decline. Above: Mansions in the Hollywood Hills