5503 S Figueroa St, Los Angeles, CA 90037
Waiting List Forecast: Likely Short or None
Verified for 2023 by Colleen Carter, Ric Gresia| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 Bed | 1 Bath | 535 - 582 Sq Ft |
Since this property is a LIHTC property that might not have a project based rental assistance contract, it is likely that it either has no waiting list or the waiting list is shorter than properties with rental assistance. You should contact the property to verify.
Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.
BEAUTIFUL, AFFORDABLE SENIOR LIVING IN LOS ANGELES, CALIFORNIA? GET IT ALL AT FIGUEROA SENIOR APARTMENTS!
THE GORGEOUS CITY HUNTINGTON PARK IS JUST SOUTH OF DOWNTOWN LOS ANGELES AND ALL OF ITS ATTRACTIONS AND EVENTS. FOR ACTIVE SENIORS OVER 55, FIGUEROA SENIOR APARTMENTS IS THE IDEAL APARTMENT COMMUNITY - CONVENIENT TO DOWNTOWN, BUT WITH THAT RESORT LIFESTYLE YOU DESERVE. FIGUEROA SENIOR APARTMENTS IS A GATED COMMUNITY WITH A COURTYARD, A COMMUNITY ROOM WITH BIG-SCREEN TV, AND COMMUNITY BBQS. OUR APARTMENTS HAVE FULLY-EQUIPPED KITCHENS WITH GRANITE COUNTERTOPS, A PRIVATE BALCONY OR PATIO, AND ALL UTILITIES ARE INCLUDED.
FIGUEROA SENIOR APARTMENTS OFFERS A VARIETY OF ACTIVITIES SO THERE'S ALWAYS SOMETHING TO DO. WHEN YOU WANT TO VENTURE OUT, FIGUEROA SENIOR APARTMENTS IS JUST SOUTH OF THE NATURAL HISTORY MUSEUM OF LOS ANGELES COUNTY AND THE LOS ANGELES MEMORIAL COLISEUM. AND WITH CONVENIENT ACCESS TO I-110, YOU COULD BE AT THE STAPLES CENTER, THE LOS ANGELES CONVENTION CENTER, AND DOWNTOWN LOS ANGELES IN LESS THAN 10 MINUTES.
Because Figueroa Senior Housing participates in HUD's HOME program for rental housing and the LIHTC program, at least some of the units in this property are set aside for households earning 60% or less of the AMI and rents are capped at the local FMR and in many cases much lower. For a HOME project of this size, some of the units are set aside for households at or below 50% AMI with a corresponding lower rent cap. As this property appears not to have a project-based subsidy or any other Federal assistance, you likely will have to pay your own rent, albeit, at a lower rent amount thanks to the HOME and LIHTC programs. Since this property participates in the HOME and LIHTC programs, the property is required to accept Section 8 Housing Choice Vouchers.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| Plan D (1/1) | 535ft2 | Rent is Based On Your Income† |
| Plan B (1/1) | 569ft2 | Rent is Based On Your Income† |
| Plan A (1/1) | 578ft2 | Rent is Based On Your Income† |
| Plan C (1/1) | 582ft2 | Rent is Based On Your Income† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $44,150 / year | $50,450 / year | $56,750 / year | $63,050 / year | $68,100 / year | $73,150 / year | $78,200 / year | $83,250 / year |
| 50% AMI for PBRA Units | $44,150 / year | $50,450 / year | $56,750 / year | $63,050 / year | $68,100 / year | $73,150 / year | $78,200 / year | $83,250 / year |
| 60% AMI for LIHTC Units | $52,980 / year | $60,540 / year | $68,100 / year | $75,660 / year | $81,720 / year | $87,780 / year | $93,840 / year | $99,900 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Figueroa Senior Housing have a waiting list?
Figueroa Senior Housing probably doesn't have a waiting list, and, if it does, the wait times are most likely short. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at Figueroa Senior Housing?
We believe rents are most likely NOT subsidized at any of the units at this property since our research has not discovered any public housing or rental assistance contracts associated with this property. This means you will most likely have to pay the full rent no matter your income. Note: In some rare instances, some properties may have a small number of units subsidized through state or private programs.
What property management company manges Figueroa Senior Housing?
Figueroa Senior Housing is managed by SK Management Company,LLC headquartered in Encino, California.
In addition to Figueroa Senior Housing, how many other affordable housing properties (and units) are there in Los Angeles?
In addition to Figueroa Senior Housing, we list 1055 other affordable properties in Los Angeles. Learn about these properties here. Our data research shows that there are a total of 70531 affordable units in Los Angeles.
When was the Figueroa Senior Housing listing last updated?
Figueroa Senior Housing listing on Affordable Housing Online was last updated on 01/02/2023 by Affordable Housing Online research staff. Remember, a property's status can change so you should contact the property to confirm.
Always check the program's income limit.
Most federal housing programs serve renters earning 80% or less of the Area Median Income (AMI), or less.Shirley Toran says:
"Affordable Housing Online is very good at keeping me informed on new and future dates for waiting list applications."