150 Formosa Ln, Chapel Hill, NC 27517
Waiting List Forecast: Likely Short or None
Verified for 2023 by Connor Bailey| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 3 Beds | 1 - 2 Baths | - |
Since this property is a LIHTC property that might not have a project based rental assistance contract, it is likely that it either has no waiting list or the waiting list is shorter than properties with rental assistance. You should contact the property to verify.
Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.
Located off Legion Road in Chapel Hill, NC, Greenfield Place Apartments is an affordable apartment community that offers exceptional one-bedroom, two-bedroom and three-bedroom apartment homes. Interior finishes include wide plank wood-styled flooring, energy efficient appliances and lighting, in-unit washer and dryer connections, and ceiling fans.
You’ll love the convenience of living off HWY15-501 and I-40 where you can access excellent healthcare, entertainment, shopping and dining options. Greenfield Place boasts superior community amenities such as an indoor community room/clubhouse, resident business center, bike racks, on-site laundry facility, courtyards, picnic area and outdoor seating areas.
Because Greenfield Place participates in HUD's HOME program for rental housing and the LIHTC program, at least some of the units in this property are set aside for households earning 60% or less of the AMI and rents are capped at the local FMR and in many cases much lower. For a HOME project of this size, some of the units are set aside for households at or below 50% AMI with a corresponding lower rent cap. As this property appears not to have a project-based subsidy or any other Federal assistance, you likely will have to pay your own rent, albeit, at a lower rent amount thanks to the HOME and LIHTC programs. Since this property participates in the HOME and LIHTC programs, the property is required to accept Section 8 Housing Choice Vouchers.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom (1/1) | - | Call for Price† |
| Two Bedroom One Bath (2/1) | - | Call for Price† |
| Two Bedroom Two Bath (2/2) | - | Call for Price† |
| Three Bedroom (3/2) | - | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $35,400 / year | $40,450 / year | $45,500 / year | $50,550 / year | $54,600 / year | $58,650 / year |
| 50% AMI for PBRA Units | $35,400 / year | $40,450 / year | $45,500 / year | $50,550 / year | $54,600 / year | $58,650 / year |
| 60% AMI for LIHTC Units | $42,480 / year | $48,540 / year | $54,600 / year | $60,660 / year | $65,520 / year | $70,380 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Greenfield Place have a waiting list?
Greenfield Place probably doesn't have a waiting list, and, if it does, the wait times are most likely short. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at Greenfield Place?
We believe rents are most likely NOT subsidized at any of the units at this property since our research has not discovered any public housing or rental assistance contracts associated with this property. This means you will most likely have to pay the full rent no matter your income. Note: In some rare instances, some properties may have a small number of units subsidized through state or private programs.
What property management company manges Greenfield Place?
Greenfield Place is managed by DHIC headquartered in Raleigh, NC.
In addition to Greenfield Place, how many other affordable housing properties (and units) are there in Chapel Hill?
In addition to Greenfield Place, we list 15 other affordable properties in Chapel Hill. Learn about these properties here. Our data research shows that there are a total of 802 affordable units in Chapel Hill.
When was the Greenfield Place listing last updated?
Greenfield Place listing on Affordable Housing Online was last updated on 03/14/2023 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
Check your waiting list status occasionally.
If you request it, housing agencies are required to confirm if you are still on a waiting list, and some may also state your current position.Cha'Von Shawntaye Nichole says:
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