Curbed – New Airbnb taxes have generated $13M—some of it’s helping house LA’s homeless…But not quite as much as Airbnb claimed

January 19, 2017
According to a new report from Airbnb, Los Angeles hosts have generated more than $13 million in tax revenue for the city since this summer. The company claims the “vast majority” of that money is going toward homeless assistance, but that’s a bit of an overstatement. Assistant City Administrative Officer Benjamin Ceja tells Curbed that $5 million is actually going to homeless support in the form of rapid re-housing vouchers that can be used to provide homeless residents with temporary lodgings while awaiting placement in permanent housing developments. The rest was deposited into the General Fund, a catchall account for all types of services, including police and fire…
Source: http://la.curbed.com/2017/1/19/14330406/los-angeles-airbnb-taxes-homelessness-affordable-housing