Cold Weather Displaces Affordable Senior Community

Posted By: Kim Graham Industry News,

During the Christmas season, several buildings owned by GCAA member, Mosaic Development, experienced leaks due to frozen pipes. Magnolia Gardens Senior Apartments, a community for low-income seniors, had a pipe burst in its fire suppression system, triggering flooding throughout its 82 apartment homes. Residents have been living in local hotels while Mosaic begins the process of remediation and reconstruction. 

 

Unfortunately, the insurance carrier is not covering relocation for the 82 households, and initial estimates have the timeline for reconstruction at nine months. The City of Charlotte and Mecklenburg County have stepped in to cover the short-term hotel stays through the end of January and are looking for funds to bridge the expected rent payment gaps.

 

Mosaic Development is hopeful that fellow GCAA owner-operators can identify vacant apartments for their senior residents to rent while Magnolia Gardens is restored. Additionally, many residents were forced to leave their homes on Christmas with nothing but the clothes on their backs. The owners have established a fund to support residents in replacing their lost belongings. Mosaic Development has begun accepting donations to assist Magnolia Gardens residents with necessary expenses, which may include extending hotel stays or replacing lost furniture or clothing.  To contribute, go to https://mosaicdevelopmentgroup.org/donate/.