The City of Wilmington’s five-year Consolidated Plan for FY2013-2017 identified the greatest community development need in our community as affordable rental housing for low-income families.
According to a 2014 National Low Income Housing Coalition report, the average renter in Wilmington makes less than 70 percent of what it costs to afford a two bedroom apartment ($818 per month). Currently, more than 30 percent of the income of a Wilmington family renting their residence goes toward housing, leaving little income to pay for other necessities or disposable income to support our local economy.
Three new affordable rental housing projects have been proposed in the city’s Annual Action Plan for this fiscal year to help offset this need.
- Shipyard Village. The proposed project will construct 80 one, two, and three bedroom apartments at 2821 Carolina Beach Road.
- Dawson Street Lofts. The proposed multi-family rental project will be located at 909 Virgie Rhodes Lane (formerly 830 Dawson Street). The Lofts will consist of 40 two bedroom units in three apartment buildings. This project will replace 40 units at the nearby Hillcrest public housing community which will be demolished.
- Willow Pond. This is a proposed substantial rehabilitation of the 40 unit Willow Pond Apartments, located at 3508 Frog Pond Place. Originally built in 1994, the complex consists of two and three bedroom apartments in six, two story buildings.
A public hearing on the 2014-15 Annual Action Plan is scheduled to take place during the May 20 City Council meeting.
Read the draft 2014-15 Annual Action Plan