Senior apartment complex raises rents from $575 to $1230, leaving those on fixed incomes out of options

Kristen Walters

Should senior housing facilities be allowed to double rent prices for those living on a fixed income?

https://img.particlenews.com/image.php?url=2wxupd_0emNaReX00
Katarzyna Bialasiewicz/Getty Images (Canva Pro license)

Residents of New Garden Manor Senior Apartments in Greensboro recently reported that they are under "a lot of stress" because the apartment complex just notified them that rents are going up.

While all tenants should expect minor to moderate increases year to year, the residents of New Garden Manor reported that their rents are increasing from $575 to $1230 per month, increasing more than $655 per month.

Most of the current residents of the senior apartment community are between the ages of 57 and 89. Many of the tenants are living on fixed incomes. They cannot afford to pay an additional $600 in rent. It's simply not in the budget.

Many of the residents are scrambling to look for more "affordable" housing options, but some are not having much luck. The housing market is very competitive right now, and there aren't many units available in the area that could accommodate a fixed budget.

Some residents expressed frustration over "misleading" apartment listings in the Greensboro area that advertised units at "starting at $800", but the only available units were renting at $1500 or more per month.

One resident told reporters that she is worried that she will have to live at a motel part of the month and spend the remaining days living in her car, as her fixed income is likely not enough to cover an entire month living in an extended stay motel.

The Greensboro Housing Coalition is working with some residents to help them find rental assistance. However, there are currently no long-term solutions available for the residents of New Garden Manor or seniors living in similar situations.

Comments / 9

Published by

Follow for local business news, grand openings & events.

Pennsylvania State
59064 followers

More from Kristen Walters

Comments / 0