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Affordable Housing Development Application Process

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Single Family, Multi-Family, Homeowner, Rental, Supportive Housing

The City of Wilmington identifies the need for workforce/affordable housing as a priority in the City's Strategic Plan.  Increasing affordable housing options is a goal in the City's Five Year Consolidated Plan.  Furthermore,  Create Wilmington Comprehensive Plan, recognizes that Wilmington residents want a diverse and inclusive community, with high-quality housing that is available to everyone.

Limited funds may be available for the development of housing that is affordable to households earning 80% or below the Area Median Income.  Funds may be used to help finance the development of new construction or rehabilitation for single -family housing for home-ownership, multi-family rental housing, Permanent Supportive Housing, etc.   Interested applicants should review the guidelines and application here:   

Guidelines and Application

Guidelines and Application Word Version

Toolbox Small Scale Rental Housing, Underwriting Proforma R2, 10.2.12

ToolboxHomeowner, Underwriting Proforma R2, 10.2.12

 

Rental Rehabilitation Incentive Loan Program

The City of Wilmington offers a $125,000 maximum loan at zero percent interest to finance the creation of affordable rental housing in existing residential homes in need of rehabilitation, or for new construction on in-fill lots.  The loan is targeted to small developers, investors, non-profits, or others interested in providing single-family rental units.    The intent of the program is to bring badly deteriorated or dilapidated housing units back into the rental housing stock; therefore all potential units must be vacant. 

Click here for more information about the Rental Rehabilitation Loan Program and the requirements for submitting a proposal.