DHIC is considering building an unassisted living apartment complex for senior citizens 55 and older, similar to the Timber Spring Senior Living Community that sold out within days and left a long waiting list.
Greg Warren, president and executive director of DHIC, said the plans are preliminary but Garner is the number one choice.
“Garner, like many parts of the Triangle, has a growing population of baby boomers who are turning into seniors,” Warren said. “There is just a tremendous demand for senior housing across our region.”
The property is already zoned for use as an apartment site.
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The proposed apartment complex would be three stories with about 83 units. It is an independent living apartment complex, he said. Warren said they are currently building a similar apartment complex in Cary. He said the waiting lists for their apartments tend to be a year long because of the high demand.
Warren said seniors can save money by living in apartments. These would be energy efficient. Rent would be about $700 per month for a one-bedroom and $800 for a two-bedroom. A single-person household couldn’t make more than a $31,000 annually and a two-person household would be limited to $36,000.
Natalie Britt, vice president of rental development, said the property would be near Heather Park Apartments on undeveloped land right behind Timber Drive Elementary.
“We will know around August,” Britt said about making a final decision.
DHIC’s other senior living community in Garner, Chadwick Apartments on East Garner Road, has done well, the company says.
“We know Garner pretty well, and Garner knows us pretty well,” Warren said.
In addition to Timber Spring, Garner has two other 55 and older communities: The Village at Aversboro, which has single-family homes and was built six years ago, and Olde School Commons.
Because DHIC is a nonprofit organization that develops affordable housing, their building would be tax exempt after its 18th year. Town Manager Hardin Watkins said he has asked the complex owners not to file for the exemption so they can continue to pay taxes throughout their stay. He said they have agreed.
“We’re working to ensure that that property produces tax income for the life of its product,” Watkins said.