Measure L – Enact Landlord Tax Based on Profits

No matter who you are or where you come from, success in life starts at home. When we all have safe and secure places to live, parents earn more, kids learn better, health and well-being improve, our communities are strengthened, and our region has the building blocks to thrive. But right now, wealthy and powerful real estate developers and corporate landlords control the housing market in California and pour millions into each election to swing votes in their favor. They use predatory strategies to drive up their profits when ordinary working Californians can’t even afford our rent or our mortgages. This especially affects people of color, working families, seniors, and people with disabilities. East Palo Alto is facing one of the most extreme housing crises in the Bay Area.

An innovative measure that targets the landlords who are pocketing the most money, this gross receipts tax asks those who own rental units to fund community services based on their level of profit. Vote yes on Measure L.