---

 [ LOS ANGELES ](https://www.citywatchla.com/index.php?option=com_content&view=category&id=312)

#  LA Activists Submit Ballot Signatures for $8 Billion Mega-Mansion Tax

May 05 2022

Written by Sarah McGregor and John Gittelsohn .

<a class="a2a_button_facebook"></a><a class="a2a_button_twitter"></a><a class="a2a_button_email"></a><a class="a2a_button_print"></a>[](https://www.addtoany.com/share)

 [Comments](#disqus_thread)

HOUSING WATCH - A Los Angeles coalition that wants to increase the tax on the sale of mega-mansions and other high-value real estate to fund programs for the homeless says it has enough signatures to put the proposal on the ballot in November.

[United to House LA](https://www.unitedtohousela.com/), a citizen-led initiative, submitted documents Monday showing they’ve collected 98,171 signatures, well ahead of the more 61,000 needed to get on ballot, according to a statement. The signatures must still be verified by city officials.

The proposal, if approved by voters, would generate $8 billion over 10 years and help fund projects to maintain and [expand](https://www.unitedtohousela.com/intiativeoverview) the availability of affordable housing, the group said.

Los Angeles has long been home to a large homeless population, and public frustration over the issue has become a key topic in the city’s mayoral race. At the same time, home prices have surged in California, creating an affordability crisis that is among the worst in the nation. The median price of a Los Angeles home is [$1 million](https://www.redfin.com/city/11203/CA/Los-Angeles/housing-market), up 13.6% since last year, according to Redfin Corp.

The new tax would increase the local real estate “transfer assessment” on high-end properties, according to organizers. The sale of LA properties for between $5 million to $10 million would face an increase in the transfer-tax rate to 4% from the current 0.45%, while those valued at $10 million or more would be charged a 5.5% rate.

Los Angeles voters in 2016 approved Proposition HHH, a $1.2 billion bond to provide as much as 10,000 housing units for the unsheltered. About $1 billion of that money has been committed to projects, of which $167 million are already in service, according to a February [report ](https://www.lamayor.org/HomelessnessTrackingHHH)by the Los Angeles mayor’s office.

(Sarah McGregor and John Gittelsohn write for Bloomberg News, where this story was featured.)

 [ ![LA DWP #2 (Pay Your Bill Help)](https://www.citywatchla.com/images/LADWP/dwp%20level%20pay%205-7-25.jpg) ](https://www.citywatchla.com/component/banners/click/82 "LA DWP #2 (Pay Your Bill Help)")

 ![](https://www.citywatchla.com/images/banners/signup-for-cw.png)

## Get The News In Your Email Inbox Mondays &amp; Thursdays

 Name

 [ ![Home - HHR Rent is too High - SB-2](https://www.citywatchla.com/images/HHR/AHF-rent-too-high.jpg) ](https://www.citywatchla.com/component/banners/click/104 "Home - HHR Rent is too High - SB-2")

 ---

##  Featured CityWatch Stories

 [ ![](https://www.citywatchla.com/media/yootheme/cache/e3/067m-e39a930e.jpg) ](https://www.citywatchla.com/index.php?option=com_content&view=article&id=33250:missing-middle-la-city-plannings-new-approach-to-attainable-housing&catid=429)

### [Missing Middle. LA City Planning’s New Approach to “Attainable” Housing](https://www.citywatchla.com/index.php?option=com_content&view=article&id=33250:missing-middle-la-city-plannings-new-approach-to-attainable-housing&catid=429)

MY TAKE - As if Sacramento’s relentless parade of housing-streamlining legislation hasn’t disrupted Los Angeles neighbo…

 [ ![](https://www.citywatchla.com/media/yootheme/cache/ed/068d-ed5f9acd.jpg) ](https://www.citywatchla.com/index.php?option=com_content&view=article&id=33261:zuckerberg-may-finally-pay-a-price-for-preying-on-our-children&catid=375)

### [Zuckerberg May Finally Pay a Price for Preying on Our Children](https://www.citywatchla.com/index.php?option=com_content&view=article&id=33261:zuckerberg-may-finally-pay-a-price-for-preying-on-our-children&catid=375)

IN MY VIEW - As a mother of two children who has often been on the losing side of family battles against screen time, I…

 [ ![](https://www.citywatchla.com/media/yootheme/cache/88/068h-88c43353.jpeg) ](https://www.citywatchla.com/index.php?option=com_content&view=article&id=33266:california-cant-insure-its-homes-now-sacramento-wants-to-insure-the-trees&catid=385)

### [California Can’t Insure Its Homes. Now Sacramento Wants to Insure the Trees](https://www.citywatchla.com/index.php?option=com_content&view=article&id=33266:california-cant-insure-its-homes-now-sacramento-wants-to-insure-the-trees&catid=385)

INSURANCE EMERGENCY - California homeowners are struggling to find affordable coverage while Sacramento explores a new…

 [ ![](https://www.citywatchla.com/media/yootheme/cache/5e/068b-5ea6d1bc.jpg) ](https://www.citywatchla.com/index.php?option=com_content&view=article&id=33262:will-the-mega-merger-of-equity-residential-and-avalonbay-communities-hurt-tenants&catid=429)

### [Will the Mega-Merger of Equity Residential and AvalonBay Communities Hurt Tenants?](https://www.citywatchla.com/index.php?option=com_content&view=article&id=33262:will-the-mega-merger-of-equity-residential-and-avalonbay-communities-hurt-tenants&catid=429)

HOUSING IS A HUMAN RIGHT - Corporate landlords Equity Residential and AvalonBay Communities have officially merged to f…

 [ ![](https://www.citywatchla.com/media/yootheme/cache/a2/067c-a222052b.jpg) ](https://www.citywatchla.com/index.php?option=com_content&view=article&id=33241:exclusive-john-mckinney-warns-city-hall-enforce-the-law-demand-accountability&catid=401)

### [EXCLUSIVE: John McKinney Warns City Hall. Enforce the Law. Demand Accountability.](https://www.citywatchla.com/index.php?option=com_content&view=article&id=33241:exclusive-john-mckinney-warns-city-hall-enforce-the-law-demand-accountability&catid=401)

THE BOTTOM LINE - Los Angeles has laws. It has prosecutors. It has billions of dollars flowing through City Hall. What…

---

##  [ LOS ANGELES ](https://www.citywatchla.com/index.php?option=com_content&view=category&id=312)

 [ ![](https://www.citywatchla.com/images/stories/Aug-2026/068r.jpg) ](https://www.citywatchla.com/index.php?option=com_content&view=article&id=33272:how-likely-is-an-all-la-super-bowl-next-february&catid=312)### [How Likely Is an All-LA Super Bowl Next February?](https://www.citywatchla.com/index.php?option=com_content&view=article&id=33272:how-likely-is-an-all-la-super-bowl-next-february&catid=312)

 [ ![](https://www.citywatchla.com/images/stories/Aug-2026/068q.jpg) ](https://www.citywatchla.com/index.php?option=com_content&view=article&id=33271:flying-out-of-lax-its-time-to-streamline-your-airport-strategy&catid=312)### [Flying Out of LAX? It’s Time to Streamline Your Airport Strategy](https://www.citywatchla.com/index.php?option=com_content&view=article&id=33271:flying-out-of-lax-its-time-to-streamline-your-airport-strategy&catid=312)

 [ ![Olympics and the Traffic](https://www.citywatchla.com/images/stories/Aug-2026/068o.jpg) ](https://www.citywatchla.com/index.php?option=com_content&view=article&id=33268:la-wants-2-billion-for-the-olympics-taxpayers-deserve-answers-before-writing-the-check&catid=312)### [LA Wants $2 Billion for the Olympics. Taxpayers Deserve Answers Before Writing the Check](https://www.citywatchla.com/index.php?option=com_content&view=article&id=33268:la-wants-2-billion-for-the-olympics-taxpayers-deserve-answers-before-writing-the-check&catid=312)

 [ ![](https://www.citywatchla.com/images/stories/Aug-2026/066o.jpg) ](https://www.citywatchla.com/index.php?option=com_content&view=article&id=33239:why-some-los-angeles-car-accident-claims-become-harder-to-prove&catid=312)### [Why Some Los Angeles Car Accident Claims Become Harder to Prove](https://www.citywatchla.com/index.php?option=com_content&view=article&id=33239:why-some-los-angeles-car-accident-claims-become-harder-to-prove&catid=312)

 [ ![](https://www.citywatchla.com/images/stories/Aug-2026/066n.jpg) ](https://www.citywatchla.com/index.php?option=com_content&view=article&id=33228:lausd-demolishes-closed-schools-wasting-public-assets-and-community-hopes&catid=312)### [LAUSD Demolishes Closed Schools, Wasting Public Assets and Community Hopes](https://www.citywatchla.com/index.php?option=com_content&view=article&id=33228:lausd-demolishes-closed-schools-wasting-public-assets-and-community-hopes&catid=312)
<div data-id="1" 
	class="eb-inst eb-hide eb-emailform eb-1 eboxContentLocker"
	data-options='{"trigger":"onPageLoad","trigger_selector":"","delay":3000,"early_trigger":true,"scroll_depth":"percentage","scroll_depth_value":80,"firing_frequency":1,"reverse_scroll_close":true,"threshold":0,"close_out_viewport":false,"exit_timer":1000,"idle_time":10000,"close_on_esc":false,"animation_open":"slideInDown","animation_close":"fadeOutDown","animation_duration":400,"disable_page_scroll":true,"test_mode":false,"debug":false,"ga_tracking":true,"ga_tracking_id":"G-P16BQ7X1SW","ga_tracking_event_category":"EngageBox","ga_tracking_event_label":"Box #1 - Global Email Signup Form","auto_focus":false}'
	data-type='popup'
	>

	<button type="button" data-ebox-cmd="close" class="eb-close placement-outside" aria-label="Close">
	<img alt="close popup button" />
	<span aria-hidden="true">&times;</span>
</button>
	<div class="eb-dialog eb-formVer" role="dialog" aria-modal="true" id="dialog1" aria-label="dialog1">
		
		<button type="button" data-ebox-cmd="close" class="eb-close placement-inside" aria-label="Close">
	<img alt="close popup button" />
	<span aria-hidden="true">&times;</span>
</button>	
		<div class="eb-container">
						<div class="eb-content">
				
<form action="https://citywatchla.us2.list-manage.com/subscribe/post?u=34d69f33624fd058ee9b56516&amp;id=4bfa422f51&amp;f_id=00d6c2e1f0" class="eb" method="post" id="mcform-1" name="mcform-1" target="_blank">
			<div class="eb-form-header"><p><img src="/images/2023/06/be-a-city-watcher.png" alt="be a city watcher" width="350" height="97" loading="lazy" data-path="local-images:/2023/06/be-a-city-watcher.png"></p>
<p>Sign up to receive our special e-news blasts on Monday and Thursday evenings!</p></div>
	
					<div class="eb-field-row">

			
			
			
			<input class="eb-input" type="email" name="EMAIL"  placeholder="Email address"  id="EMAIL" value="" required>

			
		</div>
										
	<div class="eb-footer">
    	<button class="eb-btn" type="submit" name="subscribe" style="background-color:rgba(93, 183, 93, 1);color:rgba(255, 255, 255, 1)">
    		Sign up    	</button>
    </div>
</form>			</div>
		</div>
	</div>	
</div>
<div data-id="3" 
	class="eb-inst eb-hide eb-yesno eb-3 "
	data-options='{"trigger":"onScrollDepth","trigger_selector":"","delay":0,"early_trigger":false,"scroll_depth":"percentage","scroll_depth_value":80,"firing_frequency":2,"reverse_scroll_close":false,"threshold":0,"close_out_viewport":false,"exit_timer":1000,"idle_time":1000,"close_on_esc":false,"animation_open":"fadeInUp","animation_close":"fadeOut","animation_duration":300,"disable_page_scroll":false,"test_mode":false,"debug":false,"ga_tracking":true,"ga_tracking_id":"G-P16BQ7X1SW","ga_tracking_event_category":"EngageBox","ga_tracking_event_label":"Box #3 - Yes \/ No Donation Popup Box","auto_focus":false}'
	data-type='popup'
	>

	<button type="button" data-ebox-cmd="close" class="eb-close placement-outside" aria-label="Close">
	<img alt="close popup button" />
	<span aria-hidden="true">&times;</span>
</button>
	<div class="eb-dialog " role="dialog" aria-modal="true" id="dialog3" aria-label="dialog3">
		
		<button type="button" data-ebox-cmd="close" class="eb-close placement-inside" aria-label="Close">
	<img alt="close popup button" />
	<span aria-hidden="true">&times;</span>
</button>	
		<div class="eb-container">
						<div class="eb-content">
				
<div class="ebox-yes-no">
	<div class="ebox-yn-text">
		
		
		<div class="ebox-yn-headline" style="font-size:22px;color:#888888">
			<p>If you only give once a month, would you consider giving to CityWatch?</p>
<p>Your support fuels our mission to promote and facilitate civic engagement and neighborhood empowerment, and to hold area government and its politicians accountable.</p>
<p>Would you like to help? Even if you can only give $5, it will make a difference.</p>		</div>
			</div>
	
	<div class="ebox-ys-buttons" style="font-size: 16px;">
		
<a
					data-ebox-prevent="0"
		data-ebox-cmd="close"
				target="_self"
		href="https://www.citywatchla.com/donate"
		rel="noopener"
	
	
	
	
	class="ebox-ys-btn"
	style="background-color:#2ec664;color:#ffffff;min-width:100px">
	Yes
	</a>
<a
	
	
			data-ebox-cmd="close"
		href="#"
	
	
	class="ebox-ys-btn"
	style="background-color:#ef2345;color:#ffffff;min-width:100px">
	Not Right Now
	</a>	</div>

	</div>			</div>
		</div>
	</div>	
</div>