Owner Occupied Rehabilitation

Is your home in need of repairs? Have you owned and lived in the home for at least one year? We may be able to help!

The City of Wilmington offers programs for homeowners living within the city limits to fix up their homes. The program objective is to preserve affordable housing stock by providing an affordable loan for housing repairs to low- to moderate-income homeowners.

Minor Housing Repair Forgivable Loan

• Loan for minor repairs, such as a new roof, air conditioner repair and paint.
• Maximum loan amount: $10,000
• Program Highlights: No payment is required; promissory note and deed of trust for a period of three (3) years.
• *Program applies to qualified applicants. Income limits apply.

Major Housing Rehabilitation Forgivable Loan

• City residents who have owned and occupied their home for a minimum of 12 months and meet income limits are eligible to apply for a forgivable loan.
• Loan proceeds may be used to make needed repairs to your home and improve the dwelling and/or remove health and safety hazards.
• Maximum loan amount: $90,000 base amount, plus contingency not exceeding the base
• Program Highlights: Zero percent interest rates (0%); no application fee; free technical assistance and home inspection; houses repaired to city and HUD minimum housing standards; No minimum credit score requirement
• Loan term is typically 20 years. Security is first or second deed of trust. After rehab, value may not exceed HUD-specified limits.
• Outstanding loan balance due upon: borrower’s death, after 20 years, or sale or transfer of property

Fully Amortized Housing Rehabilitation Loan

• Loans up to a maximum of $100,000, including a 15% contingency for existing construction or loans up to a maximum of $150,000, including a 15% contingency maximum for demolition and reconstruction shall be available homeowners whose income does not exceed 80% of Area Median Income (AMI).
• Loans may be used to repair and improve the dwelling and/or remove health and safety hazards. Closing costs may also be included in the loan.
• Maximum Loan Amount: $95,000/$115,000
• Program Highlights: 620 minimum credit score; fixed two percent (2%) interest rate; 20-30 year loan term
• *Program applies to qualified applicants. Income limits apply.

Interested? For more information or to apply, call 910-341-7836.

The City of Wilmington offers several housing rehabilitation program options designed to address housing repairs, improvements and/or remove health and safety hazards of low-to-moderate homeowners within the corporate city limits of Wilmington.

Find out if your property is in the city limits.

The city also offers free technical assistance to the homeowner by preparing a detailed list of the repair work and soliciting bids for the repairs. Homeowners select the contractor and authorize all payments to the contractor after the work is satisfactorily completed. Please note that remodeling projects and home additions are not eligible uses of funds under this program.

Download

• Owner-occupied Rehab Flyer(PDF, 139KB)
• Housing Programs Application(PDF, 266KB)
• Owner-occupied Rehab Addendum(PDF, 238KB)

Homeowner's Maintenance Workshop

This workshop is for citizens who have already submitted applications for the Homeowner Rehab Program. Participation in the workshop is mandatory in order to qualify.

Next workshop date: TBD

Contractor Opportunities

The City of Wilmington lends money to low- to moderate-income homeowners for the rehabilitation of homes in the city. All repairs and improvements are completed by private construction companies. Contractors are selected by property owners based upon bids submitted.

• Contractor Handbook(PDF, 306KB)
• Contractor Application(PDF, 435KB)
• Important Lead Hazard Information
• Contractor Opportunities(PDF, 38KB)

Our next Contractor Recruitment Event: TBD