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Rental Rehabilitation Incentive Loan Program

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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. 

Guidelines for the program can be found here:

2018RentalRehabGuidelines.9.4.18