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Your Guide To Finding Low Income Housing, Apartments, Section 8 and More |
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Low Income Housing In Los Angeles, California
Information on the Low Income Purchase Assistance Program (LIPA) and the Moderate Income Purchase Assistance Program (MIPA) for low-income first-time homebuyers is also available on this website. Under the LIPA program, families whose income is within the maximum guidelines can receive up to $60,000 to cover downpayment, closing costs and even part of the purchase price. An example of maximum income guidelines is a family of two whose household income does not exceed $53,000. Home buying assistance for those with moderate incomes falls into two categories: incomes between 80%-120% of area median income can qualify for financial assistance up to $75,000, and incomes between 121%-150% of area median income can qualify for up to $50,000 financial assistance. With the average home sales price in LA at almost $300,000, these programs offer low- and moderate-income families an opportunity they might otherwise not have to purchase a home. Information on affordable housing and low income is available on the Los Angeles Housing Department website or at www.lacity.org.
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