The senior housing for low-income are expected to open next month

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FISHERSVILLE, Va. (WHSV) – A low-cost apartment building for seniors in Fishersville is about 80% complete and one month away from opening, according to Virginia Housing.

Gateway Senior apartments are designed for people 55 and older who earn less than 60% of the average median income. Art Bowen, managing director of rental housing at Virginia Housing, said with inflation continuing to rise, low-cost apartments are more important than ever.

“I think everyone is very familiar, over the last year in particular, with the inflation that we’re experiencing. The apartment market is no exception. We’ve seen rents increase significantly all over the state, including the Staunton, Harrisonburg, Waynesboro area,” Bowen said.

For people on fixed incomes, like many seniors, inflation can be debilitating.

“They might have an increase in the cost of living every year, but that’s about it. The rent for these units may increase each year, but that amount of increase is very limited, so it should keep pace with their increasing income,” Bowen said.

The building contains 80 units and was built in a modular format. Each layer of the building is constructed separately, then they are brought in by a crane and stacked on top of each other.

Bowen said each layer is weathered for a shorter period of time, and that allows them to do more things at once.

“It may not cost less than a regular build, but it should be able to be completed at a faster rate. You can have the modules built offsite at the same time as you are working on the site itself,” Bowen said.

Occupants can choose between a one- or two-bedroom unit, and it’s located at 73 Pinnacle Drive.

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