Wilmington Homestead Homebuyer Program
Join us on Saturday, December 7th for the next release of Homestead Properties!
10:00 AM - Noon
Community Education Building
1200 French Street
The Wilmington Neighborhood Conservancy Land Bank, in partnership with the City of Wilmington’s Department of Real Estate and Housing, recently launched its new Homesteader program.
This program offers a select group of Land Bank owned properties to home-buyers who commit to renovating a home and using it for personal use for a period of at least five years. Interested buyers will be required to personally finance the renovations and to bring the properties back to livable conditions per City Code.
Qualified buyers may be able to purchase these homes for as little as $1 and may also be eligible for up to $20,000 in rehabilitation assistance - income standards do apply.
Properties are now being identified and basic renovation budgets will be prepared in advance. The program will include a group of pre-qualified, 203-K certified contractors who will be available to work with the approved home buyers. In addition, financing opportunities with approved lenders will be offered.
Register in advance by contacting Sharmon Bowknight at the Wilmington Department of Real Estate & Housing. 302-576-3025 or by email:
Please email the Land Bank at firstname.lastname@example.org or, click on the link at the bottom of the page to provide your contact information.