Los Angeles

LOS ANGELES—Ballot Measure JJJ has passed in Los Angeles. The measure, also known as Build Better L.A., will require developers to include a certain percentage of housing for low-income residents for all condo and apartment projects that require a zoning change or special city approval, which, thanks to an outdated master plan, is most of the development projects in L.A. The measure also requires that all developers hire local union workers.

“We're proud,” Rusty Hicks, executive secretary-treasurer of the Los Angeles County Federation of Labor, AFL-CIO and convener of the Build Better L.A. Coalition, tells GlobeSt.com. “Our goal was to give Angelenos the opportunity to thrive and succeed with quality jobs and homes that are actually affordable. Voters made it loud and clear that they want solutions that are inclusive, not exclusive.” GlobeSt.com reached out to several other groups, including CBRE, ROEM Development, Trammell Crow, California Landmark Group, and so on, but was not able to secure a comment about the measure or its impact on the development community.

Measure JJJ passed with nearly two-thirds of the vote, showing the measure held ardent support in the community. Santa Monica also had a development-centered ballot measure, which would have required all development projects get approval from the voters rather than City Council; however, that measure, Measure LV, did not pass. The development ballot measures aren't over. The Neighborhood Integrity Initiative, which will put a two-year moratorium on all development projects that require any zoning change, comes to vote in March.

For Measure JJJ, the City has 90 days after passage to implement all of the elements of the measure. “Any developer who requests a zoning change from the city will have to adhere to JJJ,” says Hicks. “Developers will build, and in return working families will be able to afford a home in Los Angeles.”

Los Angeles

LOS ANGELES—Ballot Measure JJJ has passed in Los Angeles. The measure, also known as Build Better L.A., will require developers to include a certain percentage of housing for low-income residents for all condo and apartment projects that require a zoning change or special city approval, which, thanks to an outdated master plan, is most of the development projects in L.A. The measure also requires that all developers hire local union workers.

“We're proud,” Rusty Hicks, executive secretary-treasurer of the Los Angeles County Federation of Labor, AFL-CIO and convener of the Build Better L.A. Coalition, tells GlobeSt.com. “Our goal was to give Angelenos the opportunity to thrive and succeed with quality jobs and homes that are actually affordable. Voters made it loud and clear that they want solutions that are inclusive, not exclusive.” GlobeSt.com reached out to several other groups, including CBRE, ROEM Development, Trammell Crow, California Landmark Group, and so on, but was not able to secure a comment about the measure or its impact on the development community.

Measure JJJ passed with nearly two-thirds of the vote, showing the measure held ardent support in the community. Santa Monica also had a development-centered ballot measure, which would have required all development projects get approval from the voters rather than City Council; however, that measure, Measure LV, did not pass. The development ballot measures aren't over. The Neighborhood Integrity Initiative, which will put a two-year moratorium on all development projects that require any zoning change, comes to vote in March.

For Measure JJJ, the City has 90 days after passage to implement all of the elements of the measure. “Any developer who requests a zoning change from the city will have to adhere to JJJ,” says Hicks. “Developers will build, and in return working families will be able to afford a home in Los Angeles.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

kelsimareeborland

Just another ALM site