Affordable Housing In Pico Rivera
Los Angeles County, California


Waiting List Openings In Pico Rivera

Waiting ListStatus
Los Angeles County Development Authority Senior Public Housing Open Now

3 Low Income Apartment Communities In Pico Rivera

Telacu Pico Rivera

9036 Washington Blvd
Pico Rivera, CA
62+
Accessible
Elderly Supportive Housing
Subsidized

Pavilion Apartments

8731 Telegraph Rd
Pico Rivera, CA
HCV Welcome

Verner Villa

9220 Verner St
Pico Rivera, CA
Subsidized
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Housing Authorities that serve Pico Rivera

Housing Authority Programs
Pico Rivera Housing Assistance Agency Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Pico Rivera, California

According to federal housing data and AffordableHousingOnline.com research, there are 3 low income housing apartment communities offering 277 affordable apartments for rent in Pico Rivera, California. Pico Rivera features 145 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 132 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Pico Rivera.

Pico Rivera, CA Affordable Housing Snapshot

Total Affordable Apartment Properties 3
Total Low Income Apartments 277
Total Housing Units with Rental Assistance 145
Percentage of Housing Units Occupied By Renters 33.44%
Average Renter Household Size 3.46
Average Household Size 3.82
Median Household Income $55,752 ±$2,837
Median Rent $1,210 ±$43
Percentage Of Renters Overburdened 54.42% ± 5.14pp
Total Population 63,839

Population and Household Demographics

Pico Rivera is a City in Los Angeles County, California with a population of 63,839. There are 16,606 households in the city with an average household size of 3.82 persons. 33.44% of households in Pico Rivera are renters.

Income and Rent Overburden in Pico Rivera

The median gross income for households in Pico Rivera is $55,752 a year, or $4,646 a month. The median rent for the city is $1,210 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Pico Rivera, a household making less than $4,033 a month would be considered overburdened when renting an apartment at or above the median rent. 54.42% of households who rent are overburdened in Pico Rivera.1

Area Median Income In Pico Rivera

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Pico Rivera, the AMI is calculated from all households within Los Angeles County.

In Pico Rivera, HUD calculates the Area Median Income for a family of four as $73,100

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Pico Rivera

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for Pico Rivera HUD Rental Assistance in Pico Rivera

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $21,950 $25,050 $28,200 $31,300 $33,850 $36,350 $39,010 $43,430
50% of Median $36,550 $41,800 $47,000 $52,200 $56,400 $60,600 $64,750 $68,950
80% of Median $58,450 $66,800 $75,150 $83,500 $90,200 $96,900 $103,550 $110,250
Low Income Housing Tax Credits in Pico Rivera

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 2000 to 2000, 1 low income apartment communities containing 129 rental apartments have been constructed and made affordable to low income persons in Pico Rivera by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Pico Rivera

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $36,550 $41,800 $47,000 $52,200 $56,400 $60,600 $64,750 $68,950
60% of Median $43,860 $50,160 $56,400 $62,640 $67,680 $72,720 $77,700 $82,740

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Pico Rivera is $56,400 a year, or $4,700 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $4,700 by 30% to get a maximum rent of $1,410 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $914 $979 $1,175 $1,358 $1,515 $1,671
60% $1,097 $1,175 $1,410 $1,629 $1,818 $2,006
Fair Market Rents in Pico Rivera

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$1,279 $1,517 $1,956 $2,614 $2,857