Los Angeles Launches $466.6M Measure ULA Housing Round as LA Metro Advances Joint Development Near Transit

City of Los Angeles Opens $466.6 Million Measure ULA Affordable Housing Application Round

LOS ANGELES, California — Fortifying municipal funding for permanent supportive homes and tenant protections, the Los Angeles Housing Department (LAHD) officially initiated the rollout of a historic $466.6 million affordable housing funding round in October 2026. Approved by the Los Angeles City Council, approximately 70 percent of the record allocation is directly backed by revenue generated from Measure ULA (the 'Mansion Tax'), with developer application portals opening October 13, 2026.

The program delivers critical subsidy layers for non-profit and community land trust developers to construct multi-family developments, acquire rent-distressed properties, and fund eviction-defense legal services. The rollout arrives as municipal housing audits confirmed that over 10,000 affordable housing units have completed construction under Mayor Karen Bass’s administration—quadrupling the annual production pace seen during the preceding half-decade.

LA Metro Accelerates Joint Development Portfolio at Balboa and Vermont Stations

Simultaneously, the Los Angeles County Metropolitan Transportation Authority (LA Metro) advanced its ambitious Joint Development Program, which mandates delivering 10,000 housing units across agency-owned transit properties by 2031. Building upon the recently completed multi-unit community atop the B Line’s Santa Monica/Vermont station, the Metro Board approved updated development blueprints for the G Line’s Balboa Station in the San Fernando Valley.

The Balboa initiative will replace an underutilized surface park-and-ride lot with more than 300 transit-oriented homes, ground-floor neighborhood retail, and dedicated bus layover bays, linking San Fernando Valley commuters directly to zero-emission rapid transit.

Infrastructure Acceleration Ahead of 2028 Olympic and Paralympic Games

Across civic engineering corridors, municipal departments expedited streetscape modernizations and ADA-compliant sidewalk repairs along Olympic legacy transit arteries. Crews also advanced system integration testing along the Metro D Line (Purple Line) Extension through Beverly Hills and Westwood.

Transportation and housing leaders highlighted that pairing Measure ULA’s reliable funding streams with dense transit-oriented developments positions Los Angeles to achieve lasting housing affordability while expanding clean public mobility.