200 E. Washington Blvd., Los Angeles, CA 90015
Waiting List Forecast: Likely Short or None
Verified for 2023 by Connor Bailey| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 3 Beds | 1 - 2 Baths | 640 - 1,105 Sq Ft |
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 La Prensa Libre Apartments is a 4-story 105-unit 100% affordable development at the corner of Washington Boulevard and Los Angeles Street, adjacent to the Santee Education Complex.
Of the 105 units, there will be 41 one-bedroom units, 34 two-bedroom units, and 28 three-bedroom units for rent to households earning up to 60% of Area Median Income (AMI), $67,560 for a family of four, plus an additional 2 two-bedroom units set-aside for on-site managers. The development includes 25 units set aside for transition age youth between the ages of 18-24 earning up to 30% of AMI, which will have project-based vouchers from the Housing Authority of the City of Los Angeles (HACLA) and intensive case management services from CRCD. CRCD will also operate a worksource development center and café on the ground floor that will be open to the public and serve the local community.
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 La Prensa Libre 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
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom (1/1) | 640ft2 | Call for Price† |
| Two Bedroom (2/1) | 850ft2 | Call for Price† |
| Three Bedroom (3/2) | 1105ft2 | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $44,150 / year | $50,450 / year | $56,750 / year | $63,050 / year | $68,100 / year | $73,150 / year |
| 50% AMI for PBRA Units | $44,150 / year | $50,450 / year | $56,750 / year | $63,050 / year | $68,100 / year | $73,150 / year |
| 60% AMI for LIHTC Units | $52,980 / year | $60,540 / year | $68,100 / year | $75,660 / year | $81,720 / year | $87,780 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does La Prensa Libre have a waiting list?
La Prensa Libre 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 La Prensa Libre?
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 La Prensa Libre?
La Prensa Libre is managed by FPI Management, Inc. headquartered in Folsom, California.
In addition to La Prensa Libre, how many other affordable housing properties (and units) are there in Los Angeles?
In addition to La Prensa Libre, 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 La Prensa Libre listing last updated?
La Prensa Libre listing on Affordable Housing Online was last updated on 08/02/2023 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
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