222 N Avenue 23, Los Angeles, CA 90031
Waiting List Forecast: Likely Short or None
Verified for 2023 by Colleen Carter, Ric Gresia| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | Floorplan Info Upon Request | - | - |
Since this property is a LIHTC property that might not have a project based rental assistance contract, it is likely that it either has no waiting list or the waiting list is shorter than properties with rental assistance. You should contact the property to verify.
Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.
Flores del Valle is a 146-unit affordable development with large family apartments. on a 2.2-ac. site.
Flores del Valle replaced a blighted, vacant warehouse and is helping to revitalize a historic neighborhood northeast of downtown Los Angeles. It is part of a large area master development that includes workforce apartments, market- rate condominiums and lofts, and retail shops. A childcare center is available for tenants and area residents. The community is located next to the new Avenue 26 Gold Line Station northeast of downtown Los Angeles.
The Golden State and Pasadena Freeways, along with Dodger Stadium and other amenities, make the site a convenient location. Construction is a Type V wooden structure over a Type I concrete podium for secure subterranean parking. Flores del Valle is funded by 9% Low-income Housing Tax Credit equity.
Because Flores Del Valle Apartments participates in HUD's HOME program for rental housing and the LIHTC program, at least some of the units in this property are set aside for households earning 60% or less of the AMI and rents are capped at the local FMR and in many cases much lower. For a HOME project of this size, some of the units are set aside for households at or below 50% AMI with a corresponding lower rent cap. As this property appears not to have a project-based subsidy or any other Federal assistance, you likely will have to pay your own rent, albeit, at a lower rent amount thanks to the HOME and LIHTC programs. Since this property participates in the HOME and LIHTC programs, the property is required to accept Section 8 Housing Choice Vouchers.
~ Dave Layfield, Founder of Affordable Housing Online
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $44,150 / year | $50,450 / year | $56,750 / year | $63,050 / year | $68,100 / year | $73,150 / year | $78,200 / year | $83,250 / year |
| 50% AMI for PBRA Units | $44,150 / year | $50,450 / year | $56,750 / year | $63,050 / year | $68,100 / year | $73,150 / year | $78,200 / year | $83,250 / year |
| 60% AMI for LIHTC Units | $52,980 / year | $60,540 / year | $68,100 / year | $75,660 / year | $81,720 / year | $87,780 / year | $93,840 / year | $99,900 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Flores Del Valle Apartments have a waiting list?
Flores Del Valle Apartments probably doesn't have a waiting list, and, if it does, the wait times are most likely short. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at Flores Del Valle Apartments?
We believe rents are most likely NOT subsidized at any of the units at this property since our research has not discovered any public housing or rental assistance contracts associated with this property. This means you will most likely have to pay the full rent no matter your income. Note: In some rare instances, some properties may have a small number of units subsidized through state or private programs.
What property management company manges Flores Del Valle Apartments?
Flores Del Valle Apartments is managed by FPI Management, Inc. headquartered in Folsom, California.
In addition to Flores Del Valle Apartments, how many other affordable housing properties (and units) are there in Los Angeles?
In addition to Flores Del Valle Apartments, we list 1055 other affordable properties in Los Angeles. Learn about these properties here. Our data research shows that there are a total of 70531 affordable units in Los Angeles.
When was the Flores Del Valle Apartments listing last updated?
Flores Del Valle Apartments listing on Affordable Housing Online was last updated on 01/03/2023 by Affordable Housing Online research staff. Remember, a property's status can change so you should contact the property to confirm.
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