“We've seen a 66% increase in median income in the Austin area over the last 10 years. That means a lot more people qualify for our reduced-rent units than ever before,” said JoEllen Smith, executive vice president of DMA properties. “We serve a wide range of incomes, provide attractive high-quality housing and amenities that allow older adults to live independently and stay connected to their communities. That's what Arbor Park is all about.”
Smith and her team specialize in cultivating strong communities where residents know one another, are active and enjoy group activities and housing accommodations that suit their lifestyles, budgets and needs.
For over 25-plus years, DMA has been developing and operating mixed-income, multi-family residential properties, utilizing public private partnerships and resources, such as the federal tax credit program or Austin Housing Finance Corporation’s GO Bond program. DMA owns and manages multiple mixed income communities in Austin for working families and 55+ including Travis Flats, Aldrich 51, Wildflower Terrace, Talavera Lofts, Nightingale at Goodnight Ranch, and The Ladybird. The financing utilized to develop the apartment communities generally allows residents to pay around 30% of their income towards rent. Although it’s a for-profit company, it remains heavily invested in public and nonprofit spheres.
Although the company seeks to establish affordable residential properties for families and individuals from all walks of life, rising housing costs are creating urgent concerns for aging populations on fixed incomes. To provide relief, DMA is paying particular attention to the needs of aging populations and providing housing options to meet their unique needs.
“[Our 55-plus communities] include multiple properties in Austin, Houston and throughout Texas—all designed to help older adults age in place comfortably and affordably,” Smith said.
More about Arbor Park
Arbor Park recently opened its doors and is located at 6306 McNeil Drive in north Austin. It is a four-story elevator-served apartment building nestled amongst established trees, and is close to many amenities such as HEB, the YMCA, and numerous shops and restaurants. It emphasizes independent living with its one- and two-bedroom units, and open floor plans and welcoming pet policies. It boasts a number of accessibility accommodations for residents with special needs and disabilities, such as select units with lower countertops and roll-in showers.
“Many people still think [affordable senior housing] is just for the very low-income, but that's not the case at all,” Smith said. “It's your neighbors, your parents, your friends—people with incomes ranging from under $25,000 to $56,000 and above.”
The community provides housing for people across a range of income levels, providing residents with the highest possible value and quality of life given what they can afford. The community strives to ensure all resident needs are met, leveraging its robust local networks to connect residents with additional services, as needed.
Arbor Park features and amenities include:
- Art studio, community center and business center
- Spacious units, patios and/or balconies
- Media and theater room
- On-site laundry services and in-unit hookups
Smith looks forward to welcoming new residents and community members to its grand opening event, with details still in the works, but welcomes the community to stop by, take a tour and pick up an application.
To learn more about Arbor Park, DMA and submit an application, visit the website or reach out to Smith and her team by calling 512-674-0783.
The above story was produced by Community Impact's Multi Platform Journalist Jacquelyn Chorush with information solely provided by the local business as part of its "sponsored content" purchase through our advertising team.
