“Underwater from the start”: LA’s multifamily players tell us how they really feel about Measure JJJ
By passing Measure JJJ, Angelenos have decided that if you’re a building a project of 10 or more residential units within the city, you have to adhere to California government codes on density bonuses. If you are seeking a Los Angeles General Plan amendment to increase floor area, height, or density by more than 35 percent, or are introducing new residential use where it did not exist before, you will have to set aside between 11 to 20 percent of those units for affordable housing if they’re rentals. If they are for-sale units, 40 percent need to be affordable. You will also have to hire and pay construction workers by a a particular set of guidelines.