Wilmington / New Hanover County Ad Hoc Committee on Affordable Housing

Affordable housing.  It’s a phrase that towns and cities are attempting to define – and it’s a sector of the real estate market that local leaders are struggling to foster.  

Good Shepherd Center

A third of the population in New Hanover County pays more than they can afford for housing.  That’s true for both homeowners and renters, but in the rental market, it’s worse.  Nearly half -- about 46% of people who rent in New Hanover County pay more than a third of their income for housing.  Some community leaders call that a clear sign of a shortage of affordable housing. 

Gentrification is a loaded word.  It typically connotes a rise in property values in a traditionally low-income neigborhood.  Wealthier people move in.  Those who’ve lived there and are already struggling to pay bills from month to month can no longer afford to live there due to rising rents and property taxes.