Affordable Housing Hub
Low Income (LIHTC)Waitlist Closed

Greenfield Commons

500 Formosa Ln, Chapel Hill, NC, 27517

Information verified April 18, 2026ยทWe re-check waiting list status daily

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About This Property

Greenfield Commons offers 69 low-income residential units in Chapel Hill designed to serve elderly residents. The community includes 55 one-bedroom and 14 two-bedroom apartments and was placed in service in 2018. This property receives 9% Low-Income Housing Tax Credit funding and HOME program support.

Waitlist Information

Waitlist managed by Town of Chapel Hill Department of Housing

Public Housing Waitlist
Closed

Preferences include Elderly, Victims of Domestic Violence, Live, Work, or Attend School Locally, Homeless, Displaced by Government Action, Disabled, and Rent Burdened. For Orange County residents, preferences are for disabled, elderly, homeless, rent burden, involuntary displaced, while for those outside Orange County, they are for employed, rent burden, involuntary displaced, elderly, homeless, disabled, or victim of domestic violence.

Last verified March 28, 2026
Section 8 (HCV) Waitlist
Closed

Eligibility for HCV is determined by total annual gross income and family size, generally not exceeding 50% of the median income for the area, and is limited to US citizens and specified categories of non-citizens.

Last verified February 12, 2026

Waitlist data provided by section8waitlist.org

Updated April 17, 2026

Property Details

Total Units
69
1 Bedroom
55
2 Bedroom
14

Fair Market Rent - Orange County, NC

FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.

BedroomsFMR
Studio/Efficiency$1,385
1 Bedroom$1,418
2 Bedroom$1,631
3 Bedroom$2,051
4 Bedroom$2,510

Income Limits - Orange County, NC

Annual income limits by household size used to determine eligibility for affordable housing programs.

1 Person
Extremely Low (30%)
$18,150
Very Low (50%)
$30,250
Low (80%)
$48,400
2 Persons
Extremely Low (30%)
$20,750
Very Low (50%)
$34,600
Low (80%)
$55,300
3 Persons
Extremely Low (30%)
$23,350
Very Low (50%)
$38,900
Low (80%)
$62,200
4 Persons
Extremely Low (30%)
$26,500
Very Low (50%)
$43,200
Low (80%)
$69,100
5 Persons
Extremely Low (30%)
$31,040
Very Low (50%)
$46,700
Low (80%)
$74,650
6 Persons
Extremely Low (30%)
$35,580
Very Low (50%)
$50,150
Low (80%)
$80,200
7 Persons
Extremely Low (30%)
$40,120
Very Low (50%)
$53,600
Low (80%)
$85,700
8 Persons
Extremely Low (30%)
$44,660
Very Low (50%)
$57,050
Low (80%)
$91,250

Tax Credit Program Details

Year Placed in Service
2018
LIHTC Credit Type
9%
Low-Income Units
69 / 69
Target Population
Elderly
Funding Programs
HOME

Frequently Asked Questions

What is the average rent for affordable housing in Chapel Hill, NC?+

The Fair Market Rent (FMR) for Orange County, NC is: $1385 (Studio), $1418 (1BR), $1631 (2BR), $2051 (3BR), $2510 (4BR). Actual rent at subsidized properties like Greenfield Commons is typically 30% of household income or less.

What size apartments are available at Greenfield Commons?+

Greenfield Commons offers the following unit types: 55 One-Bedroom, 14 Two-Bedroom units, for a total of 69 units.

What are the income limits for affordable housing in Orange County, NC?+

For a 4-person household in Orange County, NC, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $43,200, Low Income (80% AMI): $69,100. These limits are set by HUD and updated annually.

Is there a waitlist for Greenfield Commons?+

Public Housing waitlist is currently Closed. Section 8 (HCV) waitlist is currently Closed. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.

How do I apply for housing at Greenfield Commons?+

Greenfield Commons is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.

What is the price range for apartments in Chapel Hill, NC?+

Based on Fair Market Rent for Orange County, the estimated price range is: 1-bedroom: $1418, 2-bedroom: $1631. Actual rent at Greenfield Commons may be lower for income-eligible households.

Who manages Greenfield Commons?+

Greenfield Commons is managed by . You can reach them at .

Who is eligible to live at Greenfield Commons?+

Greenfield Commons primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.

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Contact Information

Walk Score

Almost All Errands Require a Car

18
Walk
21
Transit
31
Bike

Nearby Schools

Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.

Location

Orange County, NC

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