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☆ How the candidates running for Dianne Feinstein's Senate seat say they'll solve California's housing crisis
▼ + stars: | 2024-02-18 | by ( Eliza Relman | ) www.businessinsider.com time to read: +5 min

Here's where the leading candidates for the Senate seat stand on housing and homelessness policy. He's proposed an audit of federal homelessness programs and said he'd support funding mental health and substance abuse programs, as well as affordable housing. "The housing affordability crisis is fundamentally a supply problem. Rep. Katie Porter, who's represented south-central Orange County since 2019, has called housing affordability her "top issue" during her Senate campaign. "We have housing policy that is being written by career politicians who cater to their big bank donors."

Persons: —, Dianne Feinstein, Barbara Lee, Katie Porter, Adam Schiff —, Steve Garvey, who's, Porter, He's, Schiff, mrIsKxNu0L, Lee Organizations: Here's, Senate, Service, homebuyers, Housing, Affordable Housing Trust Fund Locations: California, Ukraine, Gaza, Washington , California, Washington, Orange County, @katieporteroc

☆ Homebuyers in Santa Fe shelling out more than $1 million will have to pay a new 'mansion tax'
▼ + stars: | 2023-11-08 | by ( Eliza Relman | ) www.businessinsider.com time to read: +3 min

Santa Fe voted overwhelmingly for a new tax on homes sold for more than $1 million. The new 3% tax will fund affordable housing construction and maintenance. The vote indicates strong support for so-called "mansion taxes" across the country. Several other major cities and states have proposed or recently passed mansion taxes, or some other tax increase to fund affordable housing. Seattle voted on Tuesday to triple its property tax that funds affordable housing and aids low-income tenants.

Persons: —, who've, Alan Webber, We've, It's Organizations: Santa Fe, Service, Fe, Fe's Democratic, ABC News, Seattle, Solutions, New York State, Voters Locations: Santa, New Mexico, Fe, Los Angeles, Chicago, New York City, Cincinnati , Ohio

SANTA FE, N.M. (AP) — Voters have approved a tax on mansions to pay for affordable housing initiatives in New Mexico's capital city of Santa Fe. Tuesday's vote signals newfound public support for so-called mansion taxes to fund affordable housing and stave off homelessness. The buyer would pay $6,000 to the city’s affordable housing trust fund. Santa Fe voters previously shied away from prominent tax initiatives, rejecting a 1% tax on high-end home sales in 2009 and defeating a tax on sugary drinks to expand early childhood education in 2017. The Santa Fe Association of Realtors has filed a lawsuit aimed at blocking the tax, arguing that it the city overstepped its authority under state law.

Organizations: SANTA FE, —, Voters, Santa Fe, Santa Fe Association of Realtors Locations: SANTA, New Mexico's, Santa Fe, Los Angeles, Chicago, Santa

Before Hurricane Ian caused billions of dollars in damage in Florida, Alaura Miller considered herself a part of the lower middle class. Miller, 60, a retired barber, is among Floridians on low or fixed incomes struggling to find affordable housing in one of the nation's most popular and expensive states to live. "Florida came into this hurricane season already having a shortage of affordable housing, particularly for people who are working in service jobs and other lower wage jobs," said Anne Ray, a researcher at the University of Florida's Shimberg Center for Housing Studies. "And so, people who have lost their homes are going to be competing with the people who are already trying to find affordable housing. She added: "I've never been put in a position before where I've had to worry about where I'm going to live or where I'm going to go."

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