County Invests $2M in Affordable Housing | Wilmington News

Wilmington News Today | 2 Min News | The Daily News Now! · Jul 14, 2026 · 1m

New Hanover County just dropped a major housing bombshell: $2 million to slash rent prices by helping developers build more affordable apartments. For the first time, a developer brought this plan to the county board—and it’s already sparking hope for renters. With a lower interest rate, Cape Fear Development could pass on hundreds of dollars a month in savings on one- and two-bedroom units. It’s not just about today’s residents—it’s about making sure future workers can afford to live where they work. Plus, a new workforce housing fund is in place, with officials confident the initial…