Curious for those involved in MF development in Los Angeles, how you see Measure JJJ playing out now that it's been approved. I've read that it's viewed to be more of a drag on smaller projects (under 50 units) vs larger institutional deals since costs can be spread out over more units.
Is there an aspect of the Measure that is more worrisome (affordable component vs prevailing wage vs guidelines on the types of workers required to be used, etc)?
