Park Place Terrace

About This Building

Park Place Terrace: Affordable Low-Income Housing in Los Angeles, CA Affordable Rental Apartments Supported by LIHTC Park Place Terrace offers a wonderful housing option in Los Angeles, CA for those seeking affordable living. These rental apartments are supported by the Low-Income Housing Tax Credit (LIHTC) program, ensuring that eligible individuals can benefit from program-specific rental rates and income restrictions. Incentivizing Affordable Housing for Low-Income Individuals The LIHTC program provides incentives to builders and developers, encouraging the creation of affordable housing for low-income individuals. As a result, the maximum rent charged at Park Place Terrace is based on the Area Median Income (AMI) to ensure affordability. However, please note that for some low-income individuals, the AMI may still make this apartment unaffordable. Check Rental Rates to Determine Affordability We encourage you to check the current rental rates to assess whether Park Place Terrace is within your budget. Affordability may vary based on your individual circumstances and the AMI. Take advantage of the opportunity to determine if this housing option suits your needs. 49 Low-Income Apartments Available Park Place Terrace offers 49 low-income apartments, providing ample opportunities for eligible individuals seeking affordable housing. Considering the high demand for such apartments, waiting lists are commonplace. To explore your options and inquire about eligibility, please contact the provided number directly. Important Reminder: LIHTC Units for Rent Keep in mind that when applying for residency at this apartment, all expected adult occupants' income must be included and verified. For more details, please call our office, and our friendly staff will be happy to assist you. Various Apartment Sizes Available At Park Place Terrace, we understand that housing needs differ, which is why we offer 2-bedroom and 3-bedroom apartments at this location. Choose the size that suits your household's requirements and enjoy the benefits of affordable living. Experience Affordable Living at Park Place Terrace We invite you to explore the possibility of residing at Park Place Terrace, where affordable and comfortable living is made accessible to low-income individuals and families. Contact us today to learn more and begin your application process.