Your guide to Proposition 34: Effort to limit major healthcare group's non-patient spending

Proposition 34 would limit non-patient spending by certain healthcare organizations. The Los Angeles-based AIDS Healthcare Foundation is the target.

Proposition 34 would limit how certain healthcare providers spend revenues from a federal prescription drug program. The measure is an effort by the real estate industry to limit spending by the L.A.-based AIDS Healthcare Foundation, which has bankrolled several rent control initiatives, including one on the 2024 ballot.

In recent years, the healthcare foundation has spent more than $300 million to fund rent control initiatives and buy apartment buildings across the country, including in and around Skid Row, saying it could address chronic homelessness where others failed.

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