Affordable Rental Units

Many families and individuals prefer to rent or are not currently ready for home ownership. Finding decent, safe, attractive and affordable rental housing can be difficult in a tightening market. The CDC acquire foreclosed single-family homes, rehabilitate them and make them available to HUD income-eligible families for rental. The homes are in stable, desirable neighborhoods and once the rehabilitation work is completed the rents are affordable. Selected tenants will have to meet a high standard, having demonstrated financial responsibility in the past. However, those selected will enjoy rental housing that is equal or superior in quality to the owner-occupied housing in the neighborhood.

The CDC has also entered into a contract with the City of Wilmington to acquire foreclosed single-family homes, rehabilitate them and make them available to HUD income-eligible families for rental.  Interested families should contact the CDC.

 

Rental Properties Owned By The CDC:

 

226-ROCKWELL-ROAD WILMINGTON-Front
Rockwell Rd.
510-LEWIS ROAD-CAROLINA-BEACH-front
Lewis Rd.
IMG_0946Sand Trap Court

 

Funding by:

City of Wilmington
Bank of America

Wells Fargo

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