Looking to stem the tide of rising rents in the city, Wilmington City Council is debating a rent stabilization bill.
The proposal made by City Councilwoman Shané Darby would generally limit rent increases to 3%, or the 12-month Consumer Price Index, whichever is lower.
According to the Delaware State Housing Authorities’ Housing Needs Assessment in 2022, 50% of renters are paying more than 30% of their income on rent, the general standard for a budget…