It's official - LA to buy fire destroyed lots for low income housing

[scruffy]

Well, almost official. The bill hasn't passed yet. But it will. And Newsom will sign it.

CA bill to let LA buy fire-destroyed lots for low-income housing

(The Center Square) - The California Senate passed a bill to authorize a Los Angeles County “Resilient Rebuilding Authority" that could use public funds to "purchase lots at a fair

www.thecentersquare.com

Here's the juicy part though:

"The bill authorizes an updated funding mechanism called NIFTI-2 that allows municipal bodies to use incremental property tax revenue, that is, property tax revenue above a baseline, to finance transit and low-income housing".

In other words, they're going to raise the taxes on the neighbors whose houses and lots were salvageable.

Guess what, hundreds of very wealthy homeowners are going to leave Pacific Palisades. It's going to become just like Santa Monica, where residents are paying the homeless to leave town.

 

[Oddball]

Well, almost official. The bill hasn't passed yet. But it will. And Newsom will sign it.

CA bill to let LA buy fire-destroyed lots for low-income housing

(The Center Square) - The California Senate passed a bill to authorize a Los Angeles County “Resilient Rebuilding Authority" that could use public funds to "purchase lots at a fair

www.thecentersquare.com

Here's the juicy part though:

"The bill authorizes an updated funding mechanism called NIFTI-2 that allows municipal bodies to use incremental property tax revenue, that is, property tax revenue above a baseline, to finance transit and low-income housing".

In other words, they're going to raise the taxes on the neighbors whose houses and lots were salvageable.

Guess what, hundreds of very wealthy homeowners are going to leave Pacific Palisades. It's going to become just like Santa Monica, where residents are paying the homeless to leave town.

Santa Monica got wrecked from rent control...Low-rent renters would trash the apartments and condos, so the owners left them empty as tenants eventually vacated.

 

[1srelluc]

Meh, deserves has everything to do with it.

 

[Manonthestreet]

Cant wait to see the zoo they construct

 

[Dekster]

Well, almost official. The bill hasn't passed yet. But it will. And Newsom will sign it.

CA bill to let LA buy fire-destroyed lots for low-income housing

(The Center Square) - The California Senate passed a bill to authorize a Los Angeles County “Resilient Rebuilding Authority" that could use public funds to "purchase lots at a fair

www.thecentersquare.com

Here's the juicy part though:

"The bill authorizes an updated funding mechanism called NIFTI-2 that allows municipal bodies to use incremental property tax revenue, that is, property tax revenue above a baseline, to finance transit and low-income housing".

In other words, they're going to raise the taxes on the neighbors whose houses and lots were salvageable.

Guess what, hundreds of very wealthy homeowners are going to leave Pacific Palisades. It's going to become just like Santa Monica, where residents are paying the homeless to leave town.

You didn't think them not issuing building permits because of burned EV's being "toxic" was real did you? Of course, the democrats have never had a problem building public housing in toxic areas anyway, but this was always going to be a land grab.

 

[Dekster]

Well, I probably should care, but this is the idiot governor who tried to decide what you could or could not buy at Home Depot during COVID as if picking up a pack of tomato seeds while you were buying a plunger was gonna spread the virus further.

 

[drudge X]

Typical strategy. Create water shortages on purpose so house could burn beyond repair. State swoops in and scoops the land cheap. Sounds like Maui. Democrats allowed the island to burn on purpose. Leftist elites swarmed to the island afterward for cheap lot while displaying natives. Democrats are despicable pond scum.

 

[drudge X]

Well, I probably should care, but this is the idiot governor who tried to decide what you could or could not buy at Home Depot during COVID as if picking up a pack of tomato seeds while you were buying a plunger was gonna spread the virus further.

I was praying for covid to get this mofo after the sht he pulled.

 

[drudge X]

Cant wait to see the zoo they construct

I'll bet property value in the proximity went down after this news. See a housing project construction near you? GTFO ASAP.

 

[TroglocratsRdumb]

They voted for Marxism
So now they are getting property confiscation

 

[TroglocratsRdumb]

​

Mayor Karen Bass, Revolutionary Communist​

Jan 9, 2025 · Back in the 1970s, community activist Karen Bass went on at least 15 trips to Cuba, many with a group known as the Venceremos Brigade, a Marxist …

 

[TheGreatSatan]

SmartLA 2028 | Information Technology Agency

ita.lacity.gov

LA fire = Maui 2.0

 

[Independent thinker]

Well, almost official. The bill hasn't passed yet. But it will. And Newsom will sign it.

CA bill to let LA buy fire-destroyed lots for low-income housing

(The Center Square) - The California Senate passed a bill to authorize a Los Angeles County “Resilient Rebuilding Authority" that could use public funds to "purchase lots at a fair

www.thecentersquare.com

Here's the juicy part though:

"The bill authorizes an updated funding mechanism called NIFTI-2 that allows municipal bodies to use incremental property tax revenue, that is, property tax revenue above a baseline, to finance transit and low-income housing".

In other words, they're going to raise the taxes on the neighbors whose houses and lots were salvageable.

Guess what, hundreds of very wealthy homeowners are going to leave Pacific Palisades. It's going to become just like Santa Monica, where residents are paying the homeless to leave town.

In a way it's kind of funny that they would use a fire prone area for low income housing. Wouldn't that be social injustice or something?

 

[Papageorgio]

Remember when Newsome said there would be no land grab after the fires burned prime real estate?

Seems he was lying.