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:
|Sand Trap Court|