About This Property
Banning Villa Apts comprises 90 units in Wilmington and serves elderly residents through 89 low-income housing units. The property includes 89 one-bedroom and one two-bedroom units, placed in service in 2013. Financing includes 4% Low Income Housing Tax Credits and tax-exempt bonds.
Property Details
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.
- Extremely Low (30%)
- $24,850
- Very Low (50%)
- $41,400
- Low (80%)
- $66,250
- Extremely Low (30%)
- $28,400
- Very Low (50%)
- $47,300
- Low (80%)
- $75,700
- Extremely Low (30%)
- $31,950
- Very Low (50%)
- $53,200
- Low (80%)
- $85,150
- Extremely Low (30%)
- $35,450
- Very Low (50%)
- $59,100
- Low (80%)
- $94,600
- Extremely Low (30%)
- $38,300
- Very Low (50%)
- $63,850
- Low (80%)
- $102,200
- Extremely Low (30%)
- $41,150
- Very Low (50%)
- $68,600
- Low (80%)
- $109,750
- Extremely Low (30%)
- $44,000
- Very Low (50%)
- $73,300
- Low (80%)
- $117,350
- 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
Frequently Asked Questions
What is the average rent for affordable housing in Wilmington, 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 Banning Villa Apts is typically 30% of household income or less.
What size apartments are available at Banning Villa Apts?+
Banning Villa Apts offers the following unit types: 89 One-Bedroom, 1 Two-Bedroom units, for a total of 90 units.
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.
How do I apply for housing at Banning Villa Apts?+
Banning Villa 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.
Who is eligible to live at Banning Villa Apts?+
Banning Villa Apts primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Banning Villa Apts?+
Banning Villa Apts is managed by . You can reach them at .
What is the price range for apartments in Wilmington, CA?+
Based on Fair Market Rent for Los Angeles County, the estimated price range is: 1-bedroom: $2006, 2-bedroom: $2544. Actual rent at Banning Villa Apts may be lower for income-eligible households.
Walk Score
Very Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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