1420 Balboa Avenue, Panama City, FL 32401
Waiting List Forecast: Likely Long or Closed
Verified for 2019 by Colleen Carter, Ric Gresia| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 3 Beds | 1 Bath | - |
Since this property may have a Section 8 Property Based Rental Assistance contract with rental assistance available to its residents, it is likely the property has a waiting list. Sometimes these waiting lists can be months or years long and may or may not be accepting new applicants. You should contact the property to verify.
Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.
Since Royal Arms Apartments participates in the Section 8 Project-Based Rental Assistance program, your rent would be subsidized. You would not pay more than 30% of your income for rent. To qualify, you must earn 50% or less of the Area Median Income (AMI), which you can find on this page’s income chart. Also, project-based Section 8 properties tend to have longer waiting lists, with some with waiting lists going out for years. Since this property participates in the Section 8 Project Based Rental Assistance program and has a property based subsidy, if you have a Section 8 voucher, you would have to give up your voucher to move in.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom (1/1) | - | Call for Price† |
| Two Bedroom (2/1) | - | Call for Price† |
| Three Bedroom (3/1) | - | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 30% AMI for PBRA Units | $16,550 / year | $19,720 / year | $24,860 / year | $30,000 / year | $35,140 / year | $40,280 / year |
| 50% AMI for LIHTC Units | $27,550 / year | $31,500 / year | $35,450 / year | $39,350 / year | $42,500 / year | $45,650 / year |
| 50% AMI for PBRA Units | $27,550 / year | $31,500 / year | $35,450 / year | $39,350 / year | $42,500 / year | $45,650 / year |
| 80% AMI for PBRA Units | $44,100 / year | $50,400 / year | $56,700 / year | $62,950 / year | $68,000 / year | $73,050 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Royal Arms Apartments have a waiting list?
Royal Arms Apartments probably has a waiting list. Since our research has shown there is a project-based rental assistance associated with this property, the waiting list would be for the rent-assisted units. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at Royal Arms Apartments?
We believe rents are most likely subsidized at all or some of the units since our research has turned up at least one public housing or rental assistance contract probably associated with this property.
What property management company manges Royal Arms Apartments?
Royal Arms Apartments is managed by Royal American Management headquartered in Panama City, Florida.
In addition to Royal Arms Apartments, how many other affordable housing properties (and units) are there in Panama City?
In addition to Royal Arms Apartments, we list 16 other affordable properties in Panama City. Learn about these properties here. Our data research shows that there are a total of 1841 affordable units in Panama City.
Know your rights as a Section 8 tenant.
In many areas, private landlords with an available unit can refuse interested tenants who have a Section 8 voucher. Check your local laws.Courtney Cannon Scott says:
"Affordable Housing Online is a very good, comprehensive resource for finding affordable housing in the U.S. and its territories!"