Royal Gardens Mineral Wells

1500 SE Martin Luther King Jr St, Mineral Wells, Texas 76067

Contact Royal Gardens Mineral Wells

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.

Unit (Bd/Ba)	Ft²	Rent
One Bedroom (1/1)	650	Call for Price
Two Bedroom (2/1)	850	Call for Price

Eligibility for Royal Gardens Mineral Wells

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 Mineral Wells but actual income limits may differ for units at Royal Gardens Mineral Wells.

AMI Band	1 Person	2 Person	3 Person	4 Person
Very Low Income (50%)	$25,250	$28,850	$32,450	$36,050
Low Income (60%)	$30,300	$34,620	$38,940	$43,260

Royal Gardens Mineral Wells Details

75 one and two bedroom units.
Low-Income Housing Tax Credit (LIHTC)
HOME Investment Partnerships Program

Property Amenities

Fitness Center
On-Site Laundry

Unit Amenities

Dishwasher
Microwave
Linen Closets
Full-Size Washer & Dryer Connections

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.