Inglewood has the highest percentage of single-parent households in Los Angeles County, yet lacks affordable housing for low-income families.
Osage Villas fills that gap. The development provides 20 units of affordable housing for families who earn between 30%-60% AMI, and offers critical social services for families in need.
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Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.
Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Inglewood but actual income limits may differ for units at Path Villas Osage Apartments.
|AMI Band||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|Very Low Income (50%)||$41,400||$47,300||$53,200||$59,100||$63,850||$68,600||$73,300||$78,050|
|Low Income (60%)||$49,680||$56,760||$63,840||$70,920||$76,620||$82,320||$87,960||$93,660|