August 25, 2017 -- Santa Monica's struggling rent-controlled housing supply is likely to post a tiny gain this year as enough once-emptied units re-enter the market to offset the apartments dropping out, a rent board official said Thursday.

Dan Costello, a spokesperson for the City’s Rent Control Board, said the agency expects to finish the year with about 50 more units re-opened and added to the rent-controlled housing market, which now has 27,594 multifamily units.

It would mark the second consecutive year the rent-controlled market has expanded more than it contracted, Costello said. Last year, 52 units were added.

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