A housing and real estate advocacy organization is worried that a Santa Clara County Superior Court judge’s ruling in a lead paint case will cause home values to plummet throughout the Los Angeles region.

The court decision requires three major companies to pay $1.15 billion to remediate lead paint used in the interior of homes built before 1978. Overall, this affects about 2.6 million homes in Los Angeles County and approximately 5 million statewide.

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