The project, led by developer Related California in partnership with Housing Authority of the City of Los Angeles, will nearly double the amount of housing on the five-acre property at 4446 Florizel Street in Montecito Heights. Multiple phases of construction will eventually replace 100 apartments completed in the 1940s with 185 newly-built homes reserved for low-, very low-, and extremely low-income households.
That’s a whole lotta section 8. It definitely won’t help your home’s value but if you’re inline with comps of nearby houses it shouldn’t hurt. I’d be more worried if they were bringing in a bunch of section 8 people where there were none before.