Mayor Carney Announces Affordable Housing Subsidy Program Recipients

WILMINGTON, DE - Mayor Carney announced the recipients of the City's $8.4 million set aside to support the Affordable Housing Subsidy Program at a press conference this afternoon at West End Neighborhood House.

Announced in August, this program invited large and small developers to apply for funding to build affordable housing for both buyers and renters at or below 80% of the area median income (AMI) and is part of the mayor's $13 million affordable housing agenda funded in the Fiscal Year 2027 budget.

"Stable housing creates stable lives," said Mayor John Carney. "It helps families put down roots. It gives children consistency. It helps seniors remain in the communities they love, and it strengthens neighborhoods block by block. These dollars help close the gap between what it costs to build housing and what Wilmington families can actually afford. It is an investment directly in the pockets of Wilmington residents and it helps bring additional investment to our city."

With an average subsidy of more than $23,000 per unit, this funding will impact a total of 361 units by lowering the purchase price or the monthly rent. The complete list of projects recipients can be found below:

The City received strong response to the program with applications amounting to over $26 million in subsidy across 700 proposed units. The majority of applicants were small and nonprofit developers.

Mayor Carney's proposed budget invested more than $16.8 million in development subsidy for affordable housing. Funding was ultimately reduced by City Council when the final budget passed in May.

"This is an important first step, but there is more work to do," said Mayor John Carney. "I look forward to working with City Council during the upcoming budget cycle to unlock the remaining $8.4 million that was reduced from my original plan."