Hope on Alvarado

166 S. Alvarado St., Los Angeles, CA 90057

Waiting List Forecast: Likely Short or None

check_circleVerified for 2023 by Connor Bailey

Rent	Beds	Baths	SqFt
Call for Rents^†	Studio - 1 Bed	1 Bath	-

Call (916) 496-4976

Waitlist Forecast

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.

The Hope on Alvarado is a newly built supportive housing community offering 84 units of housing with a mix of studio and 1-bedroom units. Some of the amenities offered include a community room with kitchen, bicycle storage, and an on-site laundry facility.

Dave's Thoughts On Hope on Alvarado

This LIHTC property is among the most common types of affordable rental housing in the United States. The LIHTC program only provides subsidies to the building’s owner at construction. No subsidies are provided directly to the residents, but the owner must set rents affordable to low-income renters in the area. Our data suggests Hope on Alvarado does not participate in any project-based rent subsidy program. This means you must earn enough to pay the full rent or have your own Section 8 Housing Choice Voucher. For that reason, LIHTC properties tend to have shorter waiting lists or even none at all. LIHTC properties nationwide are required to accept housing vouchers. LIHTC properties were first built in the late 1980's. Because they tend to be newer, these properties are more likely to have larger units, more amenities, and greater tenant service offerings than other affordable housing programs. This property might be right for you if you have a housing voucher or enough income to pay rent, are looking for a high quality property, or need immediate availability. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers.

~ Dave Layfield, Founder of Affordable Housing Online

Hope on Alvarado Amenities

Community Room
Business Center
Furnished Available
Bicycle Storage
Central Heat & Air
Smoking and non-smoking wings
Accessible Apartments
Resident Lounge
On-Site Laundry
Community Kitchen

Units at Hope on Alvarado

Unit (Bd/Ba)	Ft²	Rent
Studio (Studio/1)	-	Call for Price^†
One Bedroom (1/1)	-	Call for Price^†

Income Qualification for Hope on Alvarado

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

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.

FAQs for Hope on Alvarado

Does Hope on Alvarado have a waiting list?

Hope on Alvarado 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 Hope on Alvarado?

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 Hope on Alvarado?

Hope on Alvarado is managed by FPI Management, Inc. headquartered in Folsom, California.

In addition to Hope on Alvarado, how many other affordable housing properties (and units) are there in Los Angeles?

In addition to Hope on Alvarado, we list 1089 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 Hope on Alvarado listing last updated?

Hope on Alvarado listing on Affordable Housing Online was last updated on 08/31/2023 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.