Income Restrictions
Electric Lofts is within reach! We are proud to offer affordable and income-restricted apartments through CMFA (California Municipal Finance Authority) affordable housing program. Through this program, apartments are offered at reduced rental rates for households that meet income qualifications established by HUD. Electric Lofts is designed with your comfort and convenience in mind. Our pet-friendly apartments for rent in Oakland offer an exceptional array of studio layouts ideal for every lifestyle. Enjoy the hardwood flooring, stainless steel microwave and mini-fridge, and premium quartz countertops. From a rooftop deck with a BBQ area to a community kitchen, you will love your new home. Contact us today to schedule a tour of our apartments in Oakland!
Maximum Income Limits
| AMI Percentage | 1 Person | 2 Person | 3 Person |
| 60% | $71,280 | $81,480 | $91,680 |
| 80% | $95,040 | $108,640 | $122,240 |
| Density Bonus 120% AMI | $142,560 | $162,960 | $183,360 |
Maximum Rent Limits
| BOND 60% | BOND 80% | DB 110% | |
| Studio | Studio | Studio | |
| Maximum Gross Rents | 1,678.00 | 2,238.00 | 3,075.00 |
| Pest Control | 2.00 | 2.00 | 2.00 |
| Renter's Insurance | 11.00 | 11.00 | 11.00 |
| Valet Trash | 25.00 | 25.00 | 25.00 |
| Conservice Fee | 5.00 | 5.00 | 5.00 |
| Less Utility Allowances | 291.00 | 291.00 | 291.00 |
| Max. Allowable Rents | 1,344.00 | 1,904.00 | 2,741.00 |
UA Source: Oakland Housing Authority
- Your qualification is based on the entire household's income including wages, social security, pensions or disability income, unemployment compensation, alimony or child support income, and income from assets.
- Qualification is determined at the time of your initial application.
- Income is defined as the gross amount of income anticipated to be received by all members of the household, with some exceptions, during a 12-month period following the lease start date.