Towne Square Apartments

About This Building

Towne Square Apartments: Affordable Housing in Los Angeles Introduction: Towne Square Apartments is a low-income housing option located in Los Angeles, CA. Supported by the Low-Income Housing Tax Credit (LIHTC), these rental apartments offer affordable living to individuals and families who meet the program's rent and income restrictions. Incentives for Affordable Housing: The LIHTC program provides incentives to builders and developers, encouraging them to offer affordable housing options to low-income individuals. The maximum rent charged for these apartments is determined by the Area Median Income (AMI), which may make them unaffordable for some low-income individuals. Determining Affordability: To assess whether the apartments are affordable for you, it is essential to check the current rental rates. Keep in mind that the AMI may affect the affordability for low-income tenants. Number of Apartments: Towne Square Apartments offers a total of 50 low-income apartments, creating a vibrant community. Waiting Lists: Due to high demand, it is common for apartments to have waiting lists. Contact the provided number directly to inquire about availability and eligibility for these apartments. Applying for LIHTC Units: To apply for an apartment, it is important to note that income from all adults expected to reside at the apartment must be included and verified during the application process. For more details, please call the provided contact number. Available Units: Towne Square Apartments offer 1-bedroom, 2-bedroom, and 3-bedroom apartments, catering to residents' diverse needs. In conclusion, Towne Square Apartments provide an affordable housing option through the LIHTC program in Los Angeles. Consider the AMI limitations and contact the management for more information on availability and eligibility.