Apartments to benefit low-income seniors with rents as low as $380

Construction is underway for a $30 million apartment project in Hollywood benefiting low-income seniors.

Pinnacle at Peacefield, which will be on Adams Street, west of South Dixie Highway, will have 120 rental apartments for people age 62 and older.

Construction will be complete early next year, said Pinnacle Housing Group, the developer.

The developer will start accepting applications sometime this fall. There will be income eligibility requirements. (A family of two, for example, cannot earn more than $38,820.) There also will be a credit and background check. Pinnacle’s marketing efforts will aim for Hollywood residents who want to stay, or “age in place,” within the city.