‘Los Angeles’ Magazine: These 26 Angelenos are leading the city in the fields of art, entertainment, dining and politics
11/5/ 2025
Robert Hertzberg. What’s next? The Middle-Class Homeownership Act: I am the author of the November 2026 ballot initiative. I have been working on it for nearly five years with Doug McCarron, National president of the carpenters union, among others. It is a new 3% downpayment program exclusively benefiting the middle class. Only for brand new homes; not existing homes. It authorizes $25 billion for down payment assistance to be funded by private, corporate and philanthropic investors — no taxpayers’ funds. It will result in over 100,000 new homes in California for middle class buyers and is not limited to first-time homebuyers. With rent, childcare, groceries and gas prices so high, so many young families cannot save enough to buy a home. This measure will increase the middle-class housing supply. Home is where the wealth is!