Part 8/11:
Since the implementation of Measure ULA, development activity has slowed considerably, with researchers estimating a reduction of nearly 1,900 units annually. This suppression of new housing impacts the city’s long-term affordability, as increased supply is the most effective way to stabilize or reduce prices.
Despite the revenue shortfalls, city officials remain committed to their plans, allocating hundreds of millions toward homelessness services. However, critics argue that without addressing the structural economic deterrents, these investments only serve as band-aids rather than solutions.