Town Affordable Housing Partnership with DHIC Wins State’s Highest Award

North Carolina’s top honor for excellence in affordable housing was recently awarded to The Greenfield Community in Chapel Hill.  Created as a unique public-private partnership between DHIC and the Town of Chapel Hill, the Greenfield Community was financed with Town funding, federal low-income housing tax credits awarded by the North Carolina Housing Finance Agency, Orange County funding, and land donated by the Town.

Developed by DHIC, Greenfield Place and Greenfield Commons, which together make up the Greenfield Community, provide 149 apartment homes for seniors and working families. Floor plans are offered in one-, two- and three-bedroom floor plans with rents ranging from $290 to $890 per month. This community serves households with incomes at or below 60% of the area median income, and renters can save more than 40% compared to market rate apartments in the area.

To watch the North Carolina Housing Finance Agency award ceremony, visit youtube.com/watch?v=mU9QFrEVQKM.

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