Crescent Bay Company
1412 W. 12th
Los Angeles, Los Angeles County, California 90015

Call (855) 598-3283, enter extension 12204, then hit #.

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Funding Programs

Crescent Bay Company was developed and operates with Federal housing financing. The property utilizes the Low Income Housing Tax Credit Federal housing program to make rent affordable to lower income tenants.

Low Income Housing Tax Credit

The property was developed using the Low Income Housing Tax Credit Program. This program incentivizes investors to inject capital into rental apartments for lower income Americans. The property received a tax credit allocation in 1992 for $386,549 with a 10 year value of $3,865,490. The property was placed in service in 1994. 32 of 32 units at Crescent Bay Company are low income and subject to the tax credit program. The property, at the time of the tax credit allocation, was located in a Qualified Census Tract and a Difficult Development Area qualifying it for additional tax credit financing.

Overview

Crescent Bay Company is an affordable apartment community located in Los Angeles, California which is located in Los Angeles County. The property is located in California's 34th Congressional District served by Representative Xavier Becerra (D), Senator Kamala Harris (D) and Senator Dianne Feinstein (D).

Rental Subsidies

This property does not provide any Federal rent subsidies to renters reducing total tenant payments to 30% of their adjusted income. Renters are required to pay the full rent, even if it is in excess of 30% of their income. In some cases the property may accept Section 8 Housing Choice vouchers.

California's 34th

Congressional District

32

Tax Credit Units

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† These counts are estimates based on the data available from HUD. Learn More About Our Data