Low Income (LIHTC)

Willis Apts

4573 Willis Ave, Sherman Oaks, CA, 91403

Information verified April 18, 2026·We re-check waiting list status daily

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About This Property

Willis Apts is a 23-unit multifamily property in Sherman Oaks that includes 5 low-income units and has been in service since 1996. The property is funded through tax-exempt bonds and financed with 4% Low-Income Housing Tax Credits. The development serves the Los Angeles County area.

Property Details

Total Units

Fair Market Rent - Los Angeles County, CA

FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.

Bedrooms	FMR
Studio/Efficiency	$1,777
1 Bedroom	$2,006
2 Bedroom	$2,544
3 Bedroom	$3,263
4 Bedroom	$3,600

Income Limits - Los Angeles County, CA

Annual income limits by household size used to determine eligibility for affordable housing programs.

1 Person

Extremely Low (30%): $24,850
Very Low (50%): $41,400
Low (80%): $66,250

2 Persons

Extremely Low (30%): $28,400
Very Low (50%): $47,300
Low (80%): $75,700

3 Persons

Extremely Low (30%): $31,950
Very Low (50%): $53,200
Low (80%): $85,150

4 Persons

Extremely Low (30%): $35,450
Very Low (50%): $59,100
Low (80%): $94,600

5 Persons

Extremely Low (30%): $38,300
Very Low (50%): $63,850
Low (80%): $102,200

6 Persons

Extremely Low (30%): $41,150
Very Low (50%): $68,600
Low (80%): $109,750

7 Persons

Extremely Low (30%): $44,000
Very Low (50%): $73,300
Low (80%): $117,350

8 Persons

Extremely Low (30%): $46,800
Very Low (50%): $78,050
Low (80%): $124,900

Household	Extremely Low (30%)	Very Low (50%)	Low (80%)
1 Person	$24,850	$41,400	$66,250
2 Persons	$28,400	$47,300	$75,700
3 Persons	$31,950	$53,200	$85,150
4 Persons	$35,450	$59,100	$94,600
5 Persons	$38,300	$63,850	$102,200
6 Persons	$41,150	$68,600	$109,750
7 Persons	$44,000	$73,300	$117,350
8 Persons	$46,800	$78,050	$124,900

Tax Credit Program Details

Year Placed in Service

1996

LIHTC Credit Type

Low-Income Units

5 / 23

Funding Programs

Tax-Exempt Bond

Frequently Asked Questions

What is the average rent for affordable housing in Sherman Oaks, CA?+

The Fair Market Rent (FMR) for Los Angeles County, CA is: $1777 (Studio), $2006 (1BR), $2544 (2BR), $3263 (3BR), $3600 (4BR). Actual rent at subsidized properties like Willis Apts is typically 30% of household income or less.

What are the income limits for affordable housing in Los Angeles County, CA?+

For a 4-person household in Los Angeles County, CA, the income limits are: Extremely Low Income (30% AMI): $35,450, Very Low Income (50% AMI): $59,100, Low Income (80% AMI): $94,600. These limits are set by HUD and updated annually.

Who manages Willis Apts?+

Willis Apts is managed by . You can reach them at .

How do I apply for housing at Willis Apts?+

Willis Apts is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.

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