Royal Arms Apartments

1420 Balboa Avenue, Panama City, Florida 32401

Contact Royal Arms Apartments

Royal Arms Apartments is located between Lisenby and Harrison Avenue in Panama City, FL.

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

Eligibility for Royal Arms Apartments

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Panama City but actual income limits may differ for units at Royal Arms Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person
30%	$16,550	$19,720	$24,860	$30,000	$35,140	$40,280
50%	$27,550	$31,500	$35,450	$39,350	$42,500	$45,650
80%	$44,100	$50,400	$56,700	$62,950	$68,000	$73,050

Royal Arms Apartments Details

88 one, two and three bedroom units.
Section 8 Project-Based Rental Assistance (PBRA)
Section 221 (d) (3)
Section 236

Property Amenities

Playground
Laundry Room
24hr Emergency Maintenance
Off-Street Parking

Unit Amenities

Cable Ready
Window Coverings

Nearby Amenities

Close to Dining
Close to Public Transportation
Near Park

Section 8 Project-Based Rental Assistance (PBRA)

Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Tenants leasing units participating in the Section 8 Project-Based Rental Assistance program typically contribute less than 30% of their adjusted income towards rental costs.

Section 236

Apartment communities that participate in the Section 236 program are required to ensure that their units are only available to families with incomes at or below 80% of the area median income. Rents at participating communities must be approved by HUD.