Hollywood Fountain North
6217 Fountain Ave
Los Angeles, Los Angeles County, California 90028

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Funding Programs

Hollywood Fountain North 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

Hollywood Fountain North has a project-based Section 8 contract. 88 of the 89 total units at the property receive Section 8 assistance. This means that 99% 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 July 30, 2014 and the contract expires on July 29, 2019. The Section 8 contract rent is 129.2% of the Fair Market Rent for the area. According to the HUD Multifamily database, the fair market rents for the area are $1,154.00 for One 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

Hollywood Fountain North 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).

Hollywood Fountain North is an apartment community containing 88 rental units. The property contains 88 bedrooms and based on typical apartment occupancy limits, Hollywood Fountain North is home to not more than 132 persons when fully occupied.

Rent Subsidies

Hollywood Fountain North 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

Hollywood Fountain North contains a mix of 88 assisted one bedroom apartments for rent. There are 88 One Bedroom apartments in this property. The unit mix is 100% One Bedroom apartment rentals. The average bedroom size for Hollywood Fountain North is 0.99.

California's 34th

Congressional District

88

Total Units

88

Project Based Sec. 8 Units

129.2

% of Fair Market Rent

29-Jul-19

Project Based Sec. 8 Contract Expiration

One

Unit Mix

0.99

Average Bedroom Size

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