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Adeline Street Lofts

1131 24th St, Oakland, California 94607

AHA bought the abandoned rubber factory in 1999 and spent three years transforming it into the much-lauded Adeline Lofts, the East Bay’s first live/work development.

 

All of the units are spacious and filled with light, featuring amenities such as high ceilings, skylights, large windows, granite countertops and maple cabinets. AHA provides business support services to residents at Adeline Lofts, enabling them to build their businesses and work from home.

  

Waiting List is Closed

The Adeline Street Lofts waiting list is currently closed until further notice.

Last updated on January 27th, 2020

Adeline Street Lofts Details

  • 38 units.
  • Accepts Section 8 Housing Choice Vouchers (HCV)

Unit Amenities

  • Refrigerator
  • High Ceilings

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.

Oakland Low-Income Housing Tax Credit Income Limits

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Oakland but actual income limits may differ for units at Adeline Street Lofts.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $43,400 $49,600 $55,800 $61,950 $66,950 $71,900 $76,850 $81,800
Low Income (60%) $52,080 $59,520 $66,960 $74,340 $80,340 $86,280 $92,220 $98,160

Adeline Street Lofts was built in part with financing obtained through the Low Income Housing Tax Credit (LIHTC) program. In addition to providing apartments for low-income households, this property could include some market rate units. Households earning 60% or less of the Area Median Income (AMI) qualify for targeted rental units in LIHTC financed housing. This property may also designate units for renters with even lower incomes, from 60% of AMI down to 30% AMI. It is even possible that all units have been set aside for those with extremely low incomes (as low as 15% of AMI). This means that the same size unit can rent for different amounts based on the income of the renter.

Figuring out income and rent limits for affordable housing can be complex especially when more than one federal program is involved. To know for sure if you qualify, you must contact the property directly. The amounts provided here should only be used as a basic guide.

Adeline Street Lofts is managed by Satellite Affordable Housing Associates.

Image of Adeline Street Lofts
Image of Adeline Street Lofts
Image of Adeline Street Lofts

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