About This Property
Oak Street Lofts offers 37 studio units in Portland, Maine, designed to serve families with low incomes. The property has been in service since 2012 and receives financing through tax-exempt bonds and 4% Low-Income Housing Tax Credits. All units at Oak Street Lofts are restricted for low-income households.
Waitlist Information
Waitlist managed by Portland Housing Authority
Applications are for Franklin Towers, Bayside East, Bayside Terrace, and Kennedy Park. The website asks "Is there a waiting list for public housing?" and "What happens when my name comes to the top of the waiting list?", implying an open waitlist.
The Maine Section 8/HCV Centralized Waiting List is a partnership of 20 Public Housing Authorities in Maine. Applications are accepted indefinitely. Each PHA selects participants according to their local policy. Preferences may be established by each PHA.
Waitlist data provided by section8waitlist.org
Updated June 19, 2026
Property Details
Fair Market Rent - Cumberland County, ME
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $1,035 |
| 1 Bedroom | $1,162 |
| 2 Bedroom | $1,527 |
| 3 Bedroom | $1,904 |
| 4 Bedroom | $2,251 |
Income Limits - Cumberland County, ME
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $16,500
- Very Low (50%)
- $27,500
- Low (80%)
- $44,000
- Extremely Low (30%)
- $18,850
- Very Low (50%)
- $31,400
- Low (80%)
- $50,250
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $35,350
- Low (80%)
- $56,550
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $39,250
- Low (80%)
- $62,800
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $42,400
- Low (80%)
- $67,850
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $45,550
- Low (80%)
- $72,850
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $48,700
- Low (80%)
- $77,900
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $51,850
- Low (80%)
- $82,900
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $16,500 | $27,500 | $44,000 |
| 2 Persons | $18,850 | $31,400 | $50,250 |
| 3 Persons | $21,960 | $35,350 | $56,550 |
| 4 Persons | $26,500 | $39,250 | $62,800 |
| 5 Persons | $31,040 | $42,400 | $67,850 |
| 6 Persons | $35,580 | $45,550 | $72,850 |
| 7 Persons | $40,120 | $48,700 | $77,900 |
| 8 Persons | $44,660 | $51,850 | $82,900 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Portland, ME?+
The Fair Market Rent (FMR) for Cumberland County, ME is: $1035 (Studio), $1162 (1BR), $1527 (2BR), $1904 (3BR), $2251 (4BR). Actual rent at subsidized properties like Oak Street Lofts is typically 30% of household income or less.
What size apartments are available at Oak Street Lofts?+
Oak Street Lofts offers the following unit types: 37 Studio units, for a total of 37 units.
What are the income limits for affordable housing in Cumberland County, ME?+
For a 4-person household in Cumberland County, ME, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $39,250, Low Income (80% AMI): $62,800. These limits are set by HUD and updated annually.
Who manages Oak Street Lofts?+
Oak Street Lofts is managed by . You can reach them at . Visit their website for more information.
Who is eligible to live at Oak Street Lofts?+
Oak Street Lofts primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
How do I apply for housing at Oak Street Lofts?+
Oak Street Lofts is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
Is there a waitlist for Oak Street Lofts?+
Public Housing waitlist is currently Open. Section 8 (HCV) waitlist is currently Open. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
Contact Information
Walk Score
Walker's Paradise
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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