On Tuesday, December 10, the City of Wilmington held two workshops to help local non-profits apply for funding that addresses an issue a national report released this week said is a growing problem – the lack of affordable housing to rent.
The lack of affordable housing to rent or own here in Wilmington was highlighted in a report provided to City Council in September. That report found that a majority of Wilmington’s renters are paying a disproportionate amount of their income for housing, leaving little for basics such as food and healthcare. Click here
for more details.
Wilmington’s numbers are more extreme than those in the national report, released by Harvard University’s Joint Center for Housing Studies. According to Harvard’s study, there are about 35 percent of renters nationwide. However, in Wilmington, that number is even greater at 52 percent.
National statistics say about half of all renters will spend at least a third of their total income on housing, which holds true for Wilmington as well. However, Wilmington’s number is greater than the national average because there are so many more renters here.
Tuesday’s workshop focused on how non-profits can apply for funding for local and federal monies that are designated for affordable housing. Agencies that receive funding will be selected through a competitive process as a part of the city’s annual budget process.
The issue of affordable places to rent will continue to grow as Wilmington faces an expected population increase of more than 50,000 over the next 25 years. The majority of that increase will be millennials (born 1980-2000) who are more likely to want to rent small homes in town rather than buy a larger home in the suburbs.
to see the national report by Harvard University’s Joint Center for Housing Studies.
to learn more about the City of Wilmington’s affordable housing programs.
to see a video about the presentation on Wilmington’s housing report, including City Council’s discussion about affordable housing.
to see a PDF of the presentation.