Mayer Beverly Park 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 1990.
The property was placed in service in 1990.
56 of 279
units at Mayer Beverly Park are low income and subject to the tax credit program.
The property, at the time of the tax credit allocation,
was located in
a Difficult Development Area qualifying it for additional tax credit financing.
Mayer Beverly Park 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).
Mayer Beverly Park is an apartment community containing 279 rental units.
The property contains 441 bedrooms and based on typical apartment occupancy limits, Mayer Beverly Park
is home to not more than 823† persons when fully occupied.
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.
Mayer Beverly Park contains a mix of 279 assisted
one and two bedroom apartments for rent. There are 117 One Bedroom and 162 Two Bedroom apartments in this property. The unit mix is 42% One Bedroom and 58% Two Bedroom apartment rentals. The average bedroom size for Mayer Beverly Park is 1.58.