LOW-INCOME SENIORS CAN APPLY FOR SUBSIZIDED VALLEY HOUSING.

Byline: Mary Vose Daily News Staff Writer

If you are 62 years or older with an income no greater than $17,950 and pay half of your adjusted gross for rent, you may be eligible for a one-bedroom, federally subsidized apartment in Sherman Oaks.

Also eligible are people in that income bracket who are disabled and 50 or older, or couples who have one individual in one of these categories and a combined income of $20,500 or less.

The Sherman Oaks Senior Housing Project, 14567 Dickens St., just south of Ventura Boulevard, is expected to be ready for occupancy by May 1. The location is near stores, movie theaters and MTA bus service.

The complex is brand new and has 82 rental units. Of these, 73 are one-bedroom apartments and nine are one-bedroom units for wheelchair users. Each apartment is fully carpeted and equipped with miniblinds and a complete kitchen including range, oven and refrigerator.

The complex has a common laundry facility. Indoor recreation facilities will include a multipurpose room, an arts-and-crafts room, and landscaped patio areas.

The project is owned and developed by the Sherman Oaks Senior Citizen Housing Corp. and managed by Menorah Housing Foundation, a nonprofit agency of the Jewish Federation Council of Greater Los Angeles. It is funded by the federal department of Housing and Urban Development and the city's Community Redevelopment Agency.

The complex falls under HUD's Section 8 program for federally assisted rentals. In that program, residents pay rent equal to approximately 30 percent of their entire income, including Social Security. The federal government subsidizes the rest of the fair-market rent price.

The resident also receives a monthly allowance for the cost of utilities.

Those already renting under HUD Section 8 are not eligible. Applications must be postmarked by midnight Jan. 28. The date received does not affect eligibility as long as the postmark deadline is met.

Applications can be picked up at the San Fernando Valley centers listed below between Jan. 8 and 28:

Bernardi Senior Center, 6514 Sylmar Ave., Van Nuys; [phone].

East Valley Multipurpose Senior Center, 5000 Colfax Ave., North Hollywood; [phone].

Northeast Valley Senior Multipurpose Center, 11300 Glenoaks Blvd., Pacoima; [phone].

Valley Senior Services & Resource Center, 18255 Victory Blvd., Reseda; [phone].

West Valley Jewish Community Center, 22622 Vanowen St., West Hills; [phone].

Independent Living Center, 14354 Haynes St., Van Nuys; [phone].

Mid Valley Senior Center, 14450 Valerio St., Van Nuys; [phone].

North Valley Jewish Community Center, 16601 Rinaldi St., Granada Hills; [phone].

Valley Storefront, 12821 Victory Blvd., North Hollywood; [phone].

Wilkinson Senior Center, 8956 Van Alden Ave., Northridge; [phone].

Valley Cities Jewish Community Center, 13164 Burbank Blvd., Sherman Oaks; [phone].

People who live outside the San Fernando Valley should contact their City Council district office to obtain their applications.

Applications are to be mailed to the Menorah Housing Foundation Management Company, P.O. Box 1975, Beverly Hills, Calif. 90213-0793.

Those eligible will receive a letter and a lottery number for a drawing scheduled for 9 a.m. March 15 at the Sherman Oaks-Van Nuys Senior Center. You do not have to be present to win.

Those not eligible will receive a letter stating the reasons why and will have 14 days from the date of the letter to reply in writing.