Rental crises hits Calabasas homes

Malibu Cyn. rents will double


 
Monthly rents will more than double—and in some case nearly triple—for more than 100 families at the Malibu Canyon Apartments in Calabasas starting July 1 when subsidies offered through a county housing program expire. The cheaper rents, which benefited working families, will revert to the current market rate and force some residents to move out. But finding other affordable homes in the area will likely prove difficult. A rental crunch created by low supply and high demand has slammed th...

Oops! An active online subscription is required to access this content.

Please login below or Subscribe today!