Becoming a Resident

Covenant Village is a non-profit 501(c)(3) organization governed by an independent, volunteer Board of Directors. The Board is composed of elected members from various professions and skill sets, many of whom represent our founding faith communities. The Board hires the Chief Executive Officer (CEO) to manage Covenant Village’s daily operations.

Covenant Village is licensed and regulated by the North Carolina Department of Insurance as a Life Plan Community (LPC). To maintain this licensure, we are required to submit annual reports detailing our financial condition, operating practices, and resident services, helping ensure Covenant Village remains financially stable and able to honor its commitments to residents. State regulations also require that this information, known as the Disclosure Statement, be made available to prospective residents before they enter into a residency agreement. The Disclosure Statement is available on our website, and prospective residents receive a link to the document before signing the residency agreement. Because of the document’s length, we do not distribute hard copies.

In addition, Covenant Village’s ARISE Health Center is licensed and regulated by the North Carolina Division of Health Service Regulation, ensuring compliance with state standards for quality care and resident services.

To be eligible for independent living residency at Covenant Village, applicants must meet the community’s age requirements. For individual applicants, the minimum age is 65. For couples, one member must be at least 65 years of age and the other at least 62 years of age.

Covenant Village is designed for active seniors who can live independently. Residents must be capable of managing their physical and cognitive needs, as well as performing the activities of daily living without assistance from another person (including staff, spouses, family, or friends). If an individual requires assistance, Covenant Village may not be able to meet their needs within our independent homes (adaptable devices are permissible if a resident can otherwise live independently).

As part of the admissions process, applicants are required to complete the application forms: Personal, Health, and confidential Financial Profiles. These materials help ensure that prospective residents meet the community’s residency requirements and are prepared for the responsibilities of Life Plan Community living.

As a nonprofit organization, Covenant Village relies on resident entrance fees, service fees, and charitable contributions to support its mission and operations. Service fees provide the ongoing support necessary to operate Covenant Village. Entrance fees provide the funds needed to maintain a comfortable, safe environment and an up-to-date, efficient, functioning campus. Together, these revenue sources help ensure that Covenant Village can maintain high-quality services and healthcare for current and future residents.

Covenant Village offers a wide range of entrance fees based on your desired residence. Please contact Covenant Village, and we will be happy to share the costs related to moving to Covenant Village.

We currently have two waitlists: the Future Waitlist and the Priority Waitlist (aka ready list) for our independent living homes, such as apartments, cottages, and villas. Wait times vary depending on the type of residence selected and current availability. Because future vacancies cannot be predicted with certainty, it is difficult to provide an exact timeline. However, our Marketing and Admissions Team can offer an estimated waiting period for specific residences based on historical trends and experience (please note: this is not a guarantee).

We encourage prospective residents to join our Future Waitlist, where they can begin building friendships, participate in selected activities, and enjoy certain Covenant Village amenities well before moving into their new home. Opportunities include becoming a Village Club Member (fee) in our ARISE Wellness Center, giving access to our fitness room, 65-foot exercise pool, and instructional room, with the option to add personal training (fee) to help you reach your goals.

To join the Future Waitlist, applicants must submit a $1,000 non-refundable application fee along with the Future Waitlist Agreement and Personal, Health, and Financial Profiles.

As you move closer to your desired move-in timeframe, typically within one to three years, transitioning to our Priority Waitlist can provide greater flexibility and influence in selecting your preferred residence and move-in date, subject to availability. The Priority Waitlist Agreement fee currently ranges from $2,000 to $5,000, depending on the type of residence you select. This fee is fully credited toward your entrance fee when you move to Covenant Village. Priority Waitlist members enjoy a variety of exclusive benefits and opportunities designed to help them become more connected to the Covenant Village community before moving in (subject to change without notice).

Priority Waitlist status is assigned according to each applicant’s original Future Waitlist date. Maintaining the Priority Waitlist in chronological order helps ensure a fair, transparent, and consistent process for all applicants while honoring their initial commitment to planning for a future move to Covenant Village.

If you are contacted about an available residence and decide the timing isn’t right for you, your position on the waiting list remains unchanged. Please note: declining an offer does not guarantee you will receive the next available residence, as applicants with earlier waitlist dates or current residents requesting internal transfers take priority.

Once a residence has been offered and accepted, you will sign the Life Care Agreement and pay 10% of the Entrance Fee. You have up to 60 days while our Property Service Team prepares the residence. Once deemed ready for occupancy, this date marks the deadline to pay your remaining Entrance Fee balance and receive your keys. Service fees will commence at this time, regardless of whether you occupy the residence immediately.

Monthly billing statements are generated on the first day of each month. They include pre-billing for the current month, ancillary charges recorded through the 25th of the previous month, and any prorated days/ancillary charges associated with the residents’ move-in month. All service fees are automatically drafted each month through ACH (Automated Clearing House, a network that electronically transfers money from one account to another).

Our Resident Care and Services Coordinator will contact you prior to your move-in date to arrange an orientation and lunch (when possible). The orientation will include a review of the Resident Handbook and provide an opportunity to learn more about our community, ask questions, and discuss any needs or concerns before moving in. In addition, representatives from our Dining and Technology Departments will reach out to you to schedule meetings and discuss our dining and technology services.

The Standard Entrance Fee is a one-time upfront investment that provides lifetime use of the residence and access to all services, programs, and activities offered at Covenant Village. This fee is earned by Covenant Village (amortized) at a rate of 4% per month of residency in an apartment, cottage, or Villa. No refund of the Standard Entrance Fee is available after 25 months.

The first 90 days after you pay your remaining entrance fee and your service fees begin mark the start of the Orientation Period.

After the Orientation Period has been successfully completed, residents become eligible for the healthcare benefits and rates outlined in the Life Care Agreement, subject to its terms and conditions.