Coronel Apartments, located at 1600 N. Serrano Ave in Los Angeles, has one, two and three bedroom apartments. Coronel Apartments participates in the Low-Income Housing Tax Credit (LIHTC) program.
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The Coronel Apartments, which has two street frontages at 1601 N. Hobart Boulevard and 1600 N. Serrano Avenue, consists of a four-story building that will offer 54 one-, two- and three-bedroom apartments.
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.
Coronel Apartments is managed by Barker Management Incorporated(BMI).