The Brownstone Hotel
425 E 5th St
Los Angeles, Los Angeles County, California 90013

Call (855) 598-3283, enter extension 56991, then hit #.

Request an Application

Funding Programs

The Brownstone Hotel 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 2002 for $321,727 with a 10 year value of $3,217,270. The property was placed in service in 2003. 47 of 48 units at The Brownstone Hotel are low income and subject to the tax credit program. The property, at the time of the tax credit allocation, was located in a Qualified Census Tract and a Difficult Development Area qualifying it for additional tax credit financing.

Overview

The Brownstone Hotel 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).

The Brownstone Hotel is an apartment community containing 48 rental units. The property contains 48 studio bedrooms and based on typical apartment occupancy limits, The Brownstone Hotel is home to not more than 48 persons when fully occupied.

Rental Subsidies

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.

Unit Mix

The Brownstone Hotel contains a mix of 48 assisted studio bedroom apartments for rent. There are 48 Studio apartments in this property. The unit mix is 100% Studio apartment rentals. The average bedroom size for The Brownstone Hotel is .

California's 34th

Congressional District

48

Total Units

47

Tax Credit Units

Studio

Unit Mix

Find More in Los Angeles

Search Nearby Affordable Housing

Find More in Los Angeles County

Search Nearby Affordable Housing

Find More in California

Search Nearby Affordable Housing

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