1500 SE Martin Luther King Jr St, Mineral Wells, TX 76067
Waiting List Forecast: Likely Short or None
Verified for 2023 by Connor Bailey, Colleen Carter| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 2 Beds | 1 Bath | 650 - 850 Sq Ft |
Since this property is a LIHTC property that might not have a project based rental assistance contract, it is likely that it either has no waiting list or the waiting list is shorter than properties with rental assistance. 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.
Royal Gardens offers afforable 1-bedroom and 2-bedroom apartment homes for persons age 55 and older. Each unit comes cable & internet ready and features fully equipped kitchens, full-size washer/dryer connections, ceiling fans, multiple telephone outlets, mini blinds, and a linen closet. Detached garages available. Property amenities include a fitness center, business center, clubhouse and picnic areas. Royal Gardens is conveniently located near many parks & trails, entertainment, shopping, and dining options.
Because Royal Gardens Mineral Wells participates in HUD's HOME program for rental housing and the LIHTC program, at least some of the units in this property are set aside for households earning 60% or less of the AMI and rents are capped at the local FMR and in many cases much lower. For a HOME project of this size, some of the units are set aside for households at or below 50% AMI with a corresponding lower rent cap. As this property appears not to have a project-based subsidy or any other Federal assistance, you likely will have to pay your own rent, albeit, at a lower rent amount thanks to the HOME and LIHTC programs. Since this property participates in the HOME and LIHTC programs, the property is required to accept Section 8 Housing Choice Vouchers.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom (1/1) | 650ft2 | Call for Price† |
| Two Bedroom (2/1) | 850ft2 | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 50% AMI for LIHTC Units | $25,250 / year | $28,850 / year | $32,450 / year | $36,050 / year |
| 50% AMI for PBRA Units | $25,250 / year | $28,850 / year | $32,450 / year | $36,050 / year |
| 60% AMI for LIHTC Units | $30,300 / year | $34,620 / year | $38,940 / year | $43,260 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Royal Gardens Mineral Wells have a waiting list?
Royal Gardens Mineral Wells probably doesn't have a waiting list, and, if it does, the wait times are most likely short. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at Royal Gardens Mineral Wells?
We believe rents are most likely NOT subsidized at any of the units at this property since our research has not discovered any public housing or rental assistance contracts associated with this property. This means you will most likely have to pay the full rent no matter your income. Note: In some rare instances, some properties may have a small number of units subsidized through state or private programs.
What property management company manges Royal Gardens Mineral Wells?
Royal Gardens Mineral Wells is managed by Asset Living Property Management headquartered in Houston, Texas.
In addition to Royal Gardens Mineral Wells, how many other affordable housing properties (and units) are there in Mineral Wells?
In addition to Royal Gardens Mineral Wells, we list 6 other affordable properties in Mineral Wells. Learn about these properties here. Our data research shows that there are a total of 403 affordable units in Mineral Wells.
When was the Royal Gardens Mineral Wells listing last updated?
Royal Gardens Mineral Wells listing on Affordable Housing Online was last updated on 11/15/2023 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
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