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...30% of that ("Affordable Housing") is $29,866.50. That number divided by 12 is $2,488.88 a month.

Apartments can be cheaper than that if decided upon by the landlord / developer OR if they want additional density bonuses for EXTREME Affordability.

Section 8 vouchers require a tenant to pay 30% of their income and then the local housing authority provides a voucher to make up the difference between that 30% and fair market rent. By statute, no landlord in LA County can refuse to rent to a tenant based on Section 8 alone (wink wink / nudge nudge).

All of that said, there is no requirement to build Section 8 housing in all construction and no requirement to provide affordable housing units in any new construction less than 5 units.

So, I think your street is likely fairly safe from the riff raff.