FAQs
What makes Carolina Meadows different from other CCRC’s in the area?
One of the differences is the way our dining program works. You don't have to have a meal here every day. You simply spend a minimum dollar amount in the Dining Room, which can be paid monthly, quarterly, or semi-annually. Secondly, we are a more resident-driven community than most, with residents playing a large role in how things run around here. Third, our Equity Advantage program which returns a significant portion of the entry fee to the resident, should they leave the community for any reason. And lastly, it's a family atmosphere here, both neighbor-to-neighbor and resident-to-staff. The people in the community tend to have a high appreciation for one another.Who owns Carolina Meadows?
Carolina Meadows is not owned by a private company, person or stockholders. We are incorporated with a volunteer board of directors comprised of esteemed professionals from around the Chapel Hill area as well as residents; occasionally some of the board members are also members of our Wait List. This allows us to make decisions for our community based ONLY on what's best for our residents.What's the difference between a Profit and Non-Profit community?
Both are businesses. The difference between a profit and not-for-profit is that all monies earned by Carolina Meadows go back to the betterment of our community.Where are you located?
We are located on the southern outskirts of Chapel Hill on a 167-acre site.How can I apply for residence?
In four simple steps:1) Apply.
Complete and submit all necessary financial and medical forms, along with a $300 non-refundable application fee per person.
2) Choose either the "Waiting' or 'Ready' List.
Upon preliminary approval, you can tell us whether you'd like to wait until you're ready, or if you're ready to move in as soon as we have an opening.
3) Join the Waiting List.
Sign our Waiting List agreement and submit a $3,000 refundable deposit.
4) Join our Ready List.
Place a 5% deposit on the home of your choice, and submit all the necessary financial and medical records.
5) Sign our Residency and Care Agreement.
This details the terms and conditions of your Carolina Meadows Residency, and a move-in date will be established.
6). Pay the Balance on Your Home and the Life Care Reserve Fee.
You'll close on your home by paying the balance on your entrance fee, your Life Care Reserve fee (currently $8,000 per person), and then you'll be given your keys!
