Video Update: Affordable Housing Underway in Chapel Hill
Learn more about the Town of Chapel Hill’s partnership with Triangle nonprofit DHIC Inc. to create an affordable housing development named Greenfield Place off Legion Road. Construction is now underway!
Join Gregg Warren, DHIC president, for a walkaround to view progress and imagine the future with new housing for families in this video update at youtu.be/ODoFkI5wF68.
Located off of Legion Road, Greenfield Place will offer 80 apartments for families (14 one-bedroom/one bath units, 28 two-bedroom/one bath units, 28 two bed-room/two bath units, and 14 three-bedroom/2 bath units) in four residential buildings. A second phase of the development is Greenfield Commons with up to 69 affordable apartments for seniors.
The average rent in Chapel Hill is about $1,400, the average rent at Greenfield Place will be $640.
The Town of Chapel Hill’s financial support of $3.4 million (including the land donation and financing) and DHIC’s tax credit financing is making the development possible in the Ephesus-Fordham District.
Warren has served as president of DHIC since 1985. Under his leadership, the organization has developed 36 rental communities, comprising more than 2,000 apartments across North Carolina, as well as 350 homes for first time homebuyers. He received the 2017 Impact Award from Triangle Commercial Real Estate Women (CREW).
Learn more about Greenfield Place at townofchapelhill.org/town-hall/departments-services/planning-and-sustainability/development-projects/development-activity-report/greenfield-place and about the Town’s affordable housing progress at townofchapelhill.org/AffordableHousing.