All new units will be built on already-developed and under-utilized land on the existing Avalon Calabasas property.

Affordable units are currently being leased to longtime Calabasas residents, many of whom are seniors living on fixed incomes or retirement funds, as well as working-class parents whose children attend local schools.

To ensure that longtime Calabasas residents current living in affordable units can continue receiving reduced rental rates, new market-rate units must be built to ensure the financial stability of the entire site.

The program that enabled the existence of rent-restricted units is coming to an end. In order for these units to maintain long-term affordability covenants, Avalon Calabasas must build an additional 161 new market-rate units to ensure the financial stability of the overall site. This will enable the community to maintain 80 units set at rent-restricted rates for at least 55 years.

The original developer of this property had the benefit of government bonds to close financial and operational gaps. As a more recent owner and property manager, Avalon Calabasas is offering to build new market-rate units to ensure the affordable housing program can continue and be financially viable

The original construction of the site relied in part on bonds issued by Los Angeles County that required a certain portion of the project be affordable. That program has since ended, and those rents are scheduled to increase. Avalon Calabasas would like to prevent the increase by those rents – and the displacement of longtime residents – by carefully and strategically introducing new market-rate units to ensure the financial stability of the site and ensuring the affordable program can continue for at least 55 more years.

Though not mandated, we conducted an environmental study that concluded no significant environmental impacts would occur as a result of this project. This is primarily because new construction would occur within an already developed residential community.

Though not mandated, we conducted a traffic study which concluded the project would not have a demonstrable impact on daily commutes or clog up nearby intersections.

You may have heard incorrectly that Avalon Calabasas would benefit from fee exemptions. If approved, the company will be required to pay all permit fees just as any other property owner would.

The original developer of this property had the benefit of government bonds which enabled them to set aside affordable units within the property. That bond program has now ended. As the newer owner and property manager, Avalon Calabasas wants to ensure the affordable housing program can continue. In order for this program to be financially viable, Avalon Calabasas is asking to build 161 new market-rate units so as to maintain 80 units set at affordable rates for a period of 55 years.

Current zoning rules would have prohibited the construction of additional units without changes to the law.

If this project is approved, the City will have the same oversight of this project as they would for any other.

You may have heard incorrectly that getting this project approved through the initiative process undermines local control. If approved by voters, the City and its agencies have the same level of oversight over this project as they would any other.

Some have challenged whether this project actually preserves open space. Because all new units would be built on already-developed and under-utilized land on the existing property, it absolutely preserves beautiful, open spaces throughout Calabasas.

Neighborhoods are defined by the people who live in them. The Avalon Calabasas neighborhood is at risk of being disrupted, including seniors and working-class residents who have for a long time lived in, voted in, and sent their children to schools in Calabasas. This initiative intends to preserve and strengthen this Calabasas neighborhood by ensuring that the very people who live there can stay in their homes.

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