Osborne Place

12232 Osborne Pl, Los Angeles, California 91331

Osborne Place is a 64-unit newly-constructed apartment complex located in the Pacoima area of the San Fernando Valley. It is comprised of 29 studios, six (6) one-bedroom,14 two-bedroom, and 13 three-bedroom apartments (of which five are townhomes). Osborne Place is home to families and adults who have been homeless and have a diagnosed mental illness.

Managed by the community of friends

Eligibility for Osborne Place

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Los Angeles but actual income limits may differ for units at Osborne Place.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
50%	$44,150	$50,450	$56,750	$63,050	$68,100	$73,150	$78,200	$83,250

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Los Angeles but actual income limits may differ for units at Osborne Place.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
Very Low Income (50%)	$44,150	$50,450	$56,750	$63,050	$68,100	$73,150	$78,200	$83,250
Low Income (60%)	$52,980	$60,540	$68,100	$75,660	$81,720	$87,780	$93,840	$99,900

Osborne Place Details

64 bedroom units.
Low-Income Housing Tax Credit (LIHTC)
HOME Investment Partnerships Program
Section 8 Project-Based Voucher (PBV)

Property Amenities

Tot Lot
Playground
BBQ and Picnic Area
Community Room
Community Garden
Laundry Facilities
Computer Room

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.

HOME Investment Partnerships Program

This project has received some funding from a participating jurisdiction (local or state government agency) through the HUD HOME Investments Partnerships Program (HOME). In projects with five or more HOME-assisted units, at least 20% of these units must be occupied by families earning 50% or less of area median income (AMI). All other HOME-assisted units must be occupied by families earning 80% or less of AMI, but in practice most are reserved for families earning 60% or less AMI. Maximum monthly rent is capped with a Low HOME Rent for <50% AMI units and a High HOME Rent for the remaining HOME-assisted units. Contact the property directly for the specific dollar amount of these rent caps.