Merritt Monument

203 Beal Parkway, Midland, Texas 79703

Contact Merritt Monument

Merritt Monument is an affordable housing complex that offers spacious studio, 1-bedroom, 2-bedroom, and 3-bedroom apartment homes. Each unit features energy efficient stainless-steel appliances, granite countertops, faux wood flooring, carpeted bedrooms, double-paned windows, full-size washer/dryer connections, and a private patio/balcony. Garage and carports are available. Property amenities include a resort-style swimming pool, fitness center, 24-hour community laundry rooms, business center, 24-hour emergency maintenance service, and monthly planned social events and wellness activities. The convenient location allows resident to be minutes away from Beal Park, Scharbauer Sports Complex/Grande Communications Football Stadium, Midland International Airport as well as a multitude of museums and a variety of dining & shopping options.

Unit (Bd/Ba)	Ft²	Rent
Studio (Studio/1)	563	Call for Price
One Bedroom (1/1)	662	Call for Price
Two Bedroom Two Bath (2/2)	1000	Call for Price
Two Bedroom One Bath (2/1)	856	Call for Price
Three Bedroom (3/2)	1133	Call for Price

This property is currently under construction.

Scheduled to open May 2019!

Eligibility for Merritt Monument

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 Midland but actual income limits may differ for units at Merritt Monument.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person
Very Low Income (50%)	$34,550	$39,500	$44,450	$49,350	$53,300	$57,250
Low Income (60%)	$41,460	$47,400	$53,340	$59,220	$63,960	$68,700

Merritt Monument Details

194 studio, one, two and three bedroom units.
Low-Income Housing Tax Credit (LIHTC)
HOME Investment Partnerships Program
Section 221 (d) (3)

Property Amenities

Fitness Center
Playground
BBQ and Picnic Area
Community Room
Business Center
Pool
24hr Emergency Maintenance
Covered Parking
Energy Star Appliances
Laundry Room(s)
Landscaping
Accessible Apartments
Monthly Planned Activities
On-Site Laundry

Unit Amenities

Ceiling Fan(s)
Handicapped Accessible
Patio Deck Or Balcony
Extra Storage
Water Trash and Sewer Included
Kitchen Pantry
Central Heat & Air
Stainless Steel Appliances
Outside Storage Closets
Full-Size Washer & Dryer Connections
Carpeted Bedroom
Faux Wood Floors
Walk-in Shower

Office Hours

Day	Hours
Monday	8:30am-5:30pm
Tuesday	8:30am-5:30pm
Wednesday	8:30am-5:30pm
Thursday	8:30am-5:30pm
Friday	8:30am-5:30pm

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.

HOME Investment Partnerships Program

This project has received some funding from a participating jurisdiction (local or state government agency) through the HUD HOME Investments Partnerships Program (HOME). In projects with five or more HOME-assisted units, at least 20% of these units must be occupied by families earning 50% or less of area median income (AMI). All other HOME-assisted units must be occupied by families earning 80% or less of AMI, but in practice most are reserved for families earning 60% or less AMI. Maximum monthly rent is capped with a Low HOME Rent for <50% AMI units and a High HOME Rent for the remaining HOME-assisted units. Contact the property directly for the specific dollar amount of these rent caps.