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Low-income senior housing set to open subsequent month

FISHERSVILLE, Va. (WHSV) – A low-cost condominium constructing for seniors in Fishersville is about 80% full and a month away…

By Staff , in Senior Living , at April 13, 2022


FISHERSVILLE, Va. (WHSV) – A low-cost condominium constructing for seniors in Fishersville is about 80% full and a month away from opening, in line with Virginia Housing.

Gateway Senior Flats are designed for folks 55 and older who make lower than 60% of the typical median revenue. Artwork Bowen, Managing Director of Rental Housing with Virginia Housing, mentioned as inflation continues to rise, low-cost residences are extra necessary than ever.

“I feel everybody’s very acquainted, during the last 12 months particularly, with the inflation we’ve been experiencing. The condominium market isn’t any exception to that. We’ve seen rents growing considerably all over the place within the state, together with within the Staunton, Harrisonburg, Waynesboro space,” mentioned Bowen.

For folks on fastened incomes, like many seniors, inflation might be debilitating.

“They could get a value of residing enhance yearly, however that’s about it. Lease on these models, they’ll go up yearly, however that quantity of enhance could be very restricted, so it ought to maintain tempo with their enhance of their incomes,” Bowen mentioned.

The constructing holds 80 models, and it was in-built a modular format. Every layer of the constructing is constructed individually, then they’re introduced on by a crane and stacked on prime of each other.

Bowen mentioned every layer is subjected to climate for a shorter time frame, and it permits them to do extra issues without delay.

“It might not really price lower than common building, nevertheless it ought to be capable to be accomplished in a quicker tempo. You may have the modules constructing being constructed offsite on the identical time you’re engaged on the positioning itself,” Bowen mentioned.

Occupants can select from a one or two-bedroom unit, and it’s positioned at 73 Pinnacle Drive.

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