Low Income (LIHTC)Waitlist Open

Panama Hotel Apartments

403 E 5th St, Los Angeles, CA, 90013

Information verified July 8, 2026·We re-check waiting list status daily

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About This Property

Panama Hotel Apartments consists of 72 studio units in Los Angeles, California, with 71 designated as low-income housing. The property has been in service since 2017 and is owned and operated by a non-profit organization. Financing includes HOME funding and 9% Low-Income Housing Tax Credits.

Waitlist Information

Waitlist managed by Housing Authority of the City of Los Angeles

Public Housing Waitlist

Open

Apply: Multiple

Placement on the waiting list is based on date/time of application and qualifying preferences. Preferences are given to applicants who are employed, attending higher education, self-sufficient, active military/veterans (with priority for veteran families), disabled, or age 62 or older. The waitlist is not currently accepting 1-bedroom applications.

Last verified June 11, 2026

Section 8 (HCV) Waitlist

Closed

Opened October 17, 2022

Closed October 30, 2022

Apply: Online

The last application period for the Section 8 Waiting List Lottery was from October 17, 2022, through October 30, 2022. A computer-randomized lottery was used to select up to 30,000 applicants. Preferences included living, working, or being hired to work within the City of Los Angeles, and being a veteran or having a household member who is a veteran.

Last verified May 26, 2026

Waitlist data provided by section8waitlist.org

Updated July 8, 2026

Property Details

Total Units

Studio

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.

1 Person

Extremely Low (30%): $24,850
Very Low (50%): $41,400
Low (80%): $66,250

2 Persons

Extremely Low (30%): $28,400
Very Low (50%): $47,300
Low (80%): $75,700

3 Persons

Extremely Low (30%): $31,950
Very Low (50%): $53,200
Low (80%): $85,150

4 Persons

Extremely Low (30%): $35,450
Very Low (50%): $59,100
Low (80%): $94,600

5 Persons

Extremely Low (30%): $38,300
Very Low (50%): $63,850
Low (80%): $102,200

6 Persons

Extremely Low (30%): $41,150
Very Low (50%): $68,600
Low (80%): $109,750

7 Persons

Extremely Low (30%): $44,000
Very Low (50%): $73,300
Low (80%): $117,350

8 Persons

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

Year Placed in Service

2017

LIHTC Credit Type

Low-Income Units

71 / 72

Funding Programs

HOME

Designations

Non-ProfitQualified Census Tract

Frequently Asked Questions

What is the average rent for affordable housing in Los Angeles, 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 Panama Hotel Apartments is typically 30% of household income or less.

What size apartments are available at Panama Hotel Apartments?+

Panama Hotel Apartments offers the following unit types: 72 Studio units, for a total of 72 units.

Who manages Panama Hotel Apartments?+

Panama Hotel Apartments is managed by . You can reach them at .

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 Panama Hotel Apartments?+

Panama Hotel Apartments 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.

Is there a waitlist for Panama Hotel Apartments?+

Public Housing waitlist is currently Open. Section 8 (HCV) waitlist is currently Closed. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.

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