Update (11/18): The story has been updated to reflect the time the event begins and when move-in for the new development is expected to begin.
A new affordable housing development for seniors is underway at Juliette Fowler Communities.
The Peak at Fowler is a $24 million, 144-unit, three-story community meant for people with limited-to-moderate or fixed incomes.
This independent living option is specifically for people who can’t afford higher-priced apartments or qualify for lower-income housing.
“Monthly rents will be determined by the household’s combined income as established by Texas Department of Housing and Community Affairs, with broader ranges than typically found in traditional affordable communities,” according to Juliette Fowler Communities’ website.
It will include an art room, library, fitness program and gym, business center, courtyard, a chapel, pools, gardens and walking trails.
Neighbors will be able to move in to this community in fall 2022.
The development is supposed to meet growing demand for this kind of housing. The middle-income senior population is expected to double within the next seven years to 14.35 million, and only 46% will be able to afford senior housing. About 15% of Texans ages 65-84 and 22% older than 85 are classified as renters with lower income, many of whom can’t pay market-rent rate.
On Friday, there will be a beam-signing and framing ceremony. Dallas City Council members Jesse Moreno and Paul Ridley are scheduled to attend, as well as Juliette Fowler Communities CEO and President Nicole Gann and Ben Brooks, the board chair. The ceremony will begin at 9 a.m.
Juliette Fowler Communities also has a center dedicated to helping youth escape sex trafficking.