Tc Apartments
877 N Bunker Hill
Los Angeles, Los Angeles County, California 90012

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Funding Programs

Tc Apartments 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

Tc Apartments has a project-based Section 8 contract. 19 of the 19 total units at the property receive Section 8 assistance. This means that 100% 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 October 08, 1986 and the contract expires on October 07, 2016. The Section 8 contract rent is 91.2% 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, $1,490.00 for Two Bedroom, and $2,009.00 for Three 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

Tc Apartments 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).

Tc Apartments is an apartment community containing 19 rental units. The property contains 40 bedrooms and based on typical apartment occupancy limits, Tc Apartments is home to not more than 79 persons when fully occupied.

Rent Subsidies

Tc Apartments 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

Tc Apartments contains a mix of 19 assisted one, two, and three bedroom apartments for rent. There are 1 One Bedroom, 15 Two Bedroom, and 3 Three Bedroom apartments in this property. The unit mix is 5% One Bedroom, 79% Two Bedroom, and 16% Three Bedroom apartment rentals. The average bedroom size for Tc Apartments is 2.11.

California's 34th

Congressional District

19

Total Units

19

Project Based Sec. 8 Units

91.2

% of Fair Market Rent

07-Oct-16

Project Based Sec. 8 Contract Expiration

One, Two, and Three

Unit Mix

2.11

Average Bedroom Size

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