Mccoy Plaza Villa I

About This Building

McGriffin Square in Los Angeles: Affordable Housing Opportunity Welcome to McGriffin Square, an affordable housing option made possible by the Low-Income Housing Tax Credit (LIHTC) program. Situated in the heart of Los Angeles, CA, our rental apartments cater to individuals seeking an economical housing solution. Supported by LIHTC, these rental apartments feature program rent and income restrictions, ensuring accessibility to low-income individuals. Builders and developers are incentivized to provide affordable housing options for those with limited financial resources. The maximum rent charged at McGriffin Square is determined based on the Area Median Income (AMI), which may still pose affordability challenges for some low-income individuals. We encourage you to check the current rental rates to determine if it is within your means. Our community houses a total of 63 low-income apartments, each benefiting from a Section 8 rental subsidy. This subsidy allows residents to pay only 30% of their actual household income towards rent. The target regulatory affordability at McGriffin Square is set at 30%, 35%, and 50% of the area median income. It is important to note that most apartments, including ours, have waiting lists. To explore the possibility of applying and qualifying for residency at McGriffin Square, please contact us directly using the provided phone number. We also accept Housing Choice Vouchers for added convenience. TIP: Understanding LIHTC (Low Income Tax Credit) Units for Rent Please keep in mind that when applying, the income of all adult residents is considered and verified. For more detailed information, feel free to reach out to our team. At McGriffin Square, we offer 2-bedroom and 3-bedroom apartments. Take a closer look at our available units under these respective headings.