Council meeting, Sept. 4
On Tuesday, the Wilmington City Council will meet at City Hall at 6:30 p.m. Items of interest on the agenda include two items to address affordable housing, which is one of Council’s top priorities:
- APPROVED. A resolution revising the city’s Homeownership Opportunities Program (HOP) guidelines and updating an agreement between the City and HOP program partner banks to reflect the changes. The city’s HOP program helps low and moderate income households purchase homes by providing loans with lower interest rates. It is funded with federal housing dollars and the city’s general fund. Current guidelines allow for a maximum loan of $185,000 for existing homes, but the average sales price of an existing home in New Hanover County is currently approximately $338,000. The revised guidelines, if approved, will reflect changes in the housing market and make it easier for low to moderate income residents to qualify for a low interest loan to purchase a home.
- APPROVED. A resolution revising guidelines for the city’s Rental Rehabilitation Incentive Loan Program (RRIL). In 2018, the average renter could afford a rent of $664 for a two-bedroom apartment, but the Wilmington’s median rent is $993 for a two-bedroom unit. The RRIL program provides loans to developers, investors, nonprofits or those entities who could build on vacant in-fill lots or rehabilitate existing vacant units. The revisions, if approved, would improve incentives to rehabilitate badly deteriorated or dilapidated housing units to create more affordable housing.
The next Council Meeting will be held on Tuesday, Sept. 18. The agenda for this meeting will be posted on the city's website on Friday, Sept. 14.
Meetings are held at 6:30 p.m. in Council Chambers, which is located on the second floor of City Hall at 102 North 3rd Street. Parking is available in the Thalian Hall parking lot or in the city parking deck located directly across from City Hall.
City Council agenda briefings, generally held at 8:30 a.m. the Monday before a Council meeting, are held on the 5th floor of 115 North 3rd Street (CresCom Bank building). Those wishing to live stream the agenda briefings can listen in at www.wilmingtonnc.gov/meetings.
Council meetings are also broadcast on GTV8 (Spectrum Cable channel 8) or simulcast by visiting the GTV8 web page. Following the meeting, videos and audio from agenda briefings are available on demand on the city's video archive web page.