Holiday 101 C
751 S Hoover
Los Angeles, Los Angeles County, California 90005

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Funding Programs

Holiday 101 C was developed and operates with Federal housing financing. The property utilizes the Project Based Sec. 8 Federal housing program to make rent affordable to lower income tenants.

Section 8

Holiday 101 C has a project-based Section 8 contract. 76 of the 123 total units at the property receive Section 8 assistance. This means that 62% of the renter households in the property pay no more than 30% of their adjusted income for rent.

The current Section 8 contract was effective on November 01, 2013 and the contract expires on April 30, 2018. The Section 8 contract rent is 104.1% of the Fair Market Rent for the area. According to the HUD Multifamily database, the fair market rents for the area are $947.00 for Zero Bedroom, $1,154.00 for One Bedroom, and $1,490.00 for Two Bedroom.

28% of California properties and 26% of all properties across the country have Section 8 rental subsidies. See the Rent Subsidies section for more.

Overview

Holiday 101 C 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).

Holiday 101 C is an apartment community containing 76 rental units. The property contains 15 bedrooms and based on typical apartment occupancy limits, Holiday 101 C is home to not more than 85 persons when fully occupied.

Rent Subsidies

Holiday 101 C provides rental subsidies to renters. The type of subsidy provided to apartment renters in Los Angeles, CA by this property is Project Based Sec. 8.

This subsidy allows the renter to pay 30% of his or her income for rent while the subsidy pays the difference. To qualify, a renter must earn 50% or less of the Area Median Income.

There is a minimum rent payment of not less than $25 and as much as $50 for all subsidy recipients at this property. That means that even if a renter has zero income, they will still be required to pay rent. In recent years, there have been various legislative proposals to increase the Section 8 minimum rent but advocates make the valid point that minimum rents affect the poorest of the poor.

Unit Mix

Holiday 101 C contains a mix of 76 assisted studio, one, and two bedroom apartments for rent. There are 62 Studio, 13 One Bedroom, and 1 Two Bedroom apartments in this property. The unit mix is 82% Studio, 17% One Bedroom, and 1% Two Bedroom apartment rentals. The average bedroom size for Holiday 101 C is 0.12.

California's 34th

Congressional District

76

Total Units

75

Project Based Sec. 8 Units

104.1

% of Fair Market Rent

30-Apr-18

Project Based Sec. 8 Contract Expiration

Studio, One, and Two

Unit Mix

0.12

Average Bedroom Size

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