LA’s “mansion tax” comes to collect from nonprofit home builders

L.A.’s mansion tax, meant to take from the rich to pay for housing for the poor, has taken its toll on nonprofit homebuilders with millions in unexpected fees, curbing the development of affordable homes. In the last year, two nonprofits coughed up a combined $6.1 million in mansion tax fees, denting their ability to provide […]The post LA’s “mansion tax” comes to collect from nonprofit home builders appeared first on The Real Deal.