We know for a fact that finding an affordable apartment in the city can feel like searching for a needle in a very expensive haystack…
But there’s still hope, as a new housing lottery in Sherman Oaks is offering a chance to secure a below-market-rate home for considerably less than the neighborhood’s typical rental prices.
Sherman Oaks affordable housing lottery
Via Access Housing L.A.
Called HVN on Matilija, the development at 4345 N. Matilija Avenue has 74 income-restricted apartments available, with rents starting at just $889 per month. The development offers four different rent tiers, depending on household income and eligibility, with prices broken down as follows:
- $889 per month: 8 apartments reserved for households earning up to 30% of the area’s median income (AMI).
- $1,513 per month: 8 apartments for households earning up to 50% AMI.
- $1,826 per month: 42 apartments for households earning up to 60% AMI.
- $2,451 per month: 16 apartments for households earning up to 80% AMI.
The property is pet-friendly, but does not offer on-site parking. Smoking is also prohibited throughout the entire community.
Who can apply and how does the lottery work?
The application window is now open, with a deadline of December 17, 2026, at 11:59 p.m. to apply. The lottery drawing will take place on December 31, but being selected does not guarantee an apartment.
Shortlisted candidates must meet the income requirements for their chosen apartment type, with annual income starting at $16,002 and maximum limits varying by tier and household size. Credit and rental history checks also apply, along with additional eligibility and documentation requirements.
Applications can be submitted online through the City of Los Angeles’ Access Housing LA portal. The listing also provides a mail-in application option.
For more, follow us on Facebook, Instagram, TikTok, and now WhatsApp!
