California

Tax credit apartments in Sherman Oaks, CA

HUD's database lists 11 properties in Sherman Oaks built or rehabbed with low-income housing tax credits: 603 apartments, 329 of them income-restricted. Rents in those units are capped while each property's affordability agreement runs, and you qualify by income; many properties still keep waiting lists.

Equal housing opportunity. Tax credit properties must follow the Fair Housing Act, which bars discrimination because of race, color, religion, sex, disability, familial status or national origin, and they may not refuse an applicant because the applicant holds a Housing Choice (Section 8) voucher (IRC 42(h)(6)(B)(iv)). Properties HUD lists as senior housing may limit who lives there by age only as the Fair Housing Act's housing-for-older-persons exemption allows. To report housing discrimination, call HUD at 1-800-669-9777.

LIHTC Atlas does not own, manage or rent these apartments and does not take applications. Contact each property's management for availability, rents and income rules. Listings come from HUD's database and may be out of date.

14955 Dickens Ct East

14955 Dickens St, Sherman Oaks, CA 91403

Apartments
18
Income-restricted
4
Placed in service
1997

4334-4346 Matilija Apts

4334 Matilija Ave, Sherman Oaks, CA 91423

Apartments
54
Income-restricted
11
Placed in service
1996

Natick Apts

4701 Natick Ave, Sherman Oaks, CA 91403

Apartments
121
Income-restricted
25
Placed in service
1996

New Yorker Apts

13951 Moorpark St, Sherman Oaks, CA 91423

1 studio, 5 1BR, 24 2BR, 4 3BR

Apartments
34
Income-restricted
8
Placed in service
1996

Noble Senior Housing

15100 Moorpark St, Sherman Oaks, CA 91403

HUD lists it as senior housing · 68 1BR, 17 2BR

Apartments
85
Income-restricted
84
Placed in service
2001

Orangewood Court

5050 Sepulveda Blvd, Sherman Oaks, CA 91403

12 studio, 74 1BR, 6 2BR

Apartments
92
Income-restricted
91
Placed in service
2013

Sherman Oaks Gardens & Villas

5415 Sepulveda Blvd, Sherman Oaks, CA 91411

1 studio, 63 1BR, 12 2BR

Apartments
76
Income-restricted
31
Placed in service
1997

Sherman Oaks Senior Housing

14536 W. Burbank Boulevard, Sherman Oaks, CA 91411

48 studio, 7 1BR

Apartments
55
Income-restricted
54
Placed in service
2023

Vista Del Monte Apts

4621 Vista Del Monte Ave, Sherman Oaks, CA 91403

23 1BR, 2 2BR

Apartments
24
Income-restricted
6
Placed in service
1996

Willis Apts

4553 Willis Ave, Sherman Oaks, CA 91403

20 1BR, 1 2BR

Apartments
21
Income-restricted
10
Placed in service
1996

Willis Apts

4573 Willis Ave, Sherman Oaks, CA 91403

Apartments
23
Income-restricted
5
Placed in service
1996

Source: HUD's national LIHTC database (LIHTCPUB, revised May 28, 2026; projects placed in service through 2024). Properties a state agency has flagged as no longer monitored are left out; properties placed in service after 2024 are not in HUD's database yet.

How tax credit apartments work

Each income-restricted unit has a maximum rent set from the area's income limits: gross rent, including a utility allowance for tenant-paid utilities, can't go above 30% of the income limit for the unit's size. The rent doesn't change with your own income, so a household near the bottom of the range pays the same rent as one near the top. That's different from public housing or a voucher, where you pay a share of what you earn.

To qualify, your household's income has to be at or under the limit the unit is set at, usually 50% or 60% of the area median, and up to 80% in some buildings. Management checks income, and assets, when you apply. A household made up entirely of full-time students generally can't qualify, with exceptions in IRC 42(i)(3)(D) such as single parents and married students filing jointly. More on qualifying.

You can apply with a Housing Choice voucher, and the property can't turn you down because you have one.