Wilmington Housing Finance & Development is a private non-profit housing corporation created by the City of Wilmington and the WHA in 1987.


To provide funds and assistance for the purchase, acquisition, improvement, renovation, and sale of moderate and low income housing.

We are a provider of affordable housing in Wilmington, North Carolina. Throughout our several decades of operation serving the local Wilmington community we have taken on a wide variety of projects and developments. Some of these past projects have included:

Home Ownership Pool (HOP)

WHFD created a HOP funded by the city and 14 local banks to provide low interest loans to finance the purchase and rehabilitation of substandard housing in inner-city neighborhoods.

Lease/Purchase Program

WHFD acquired housing to rehabilitate which it leased with the option to buy to modest income families.

Home Building Training

WHFD, with grants from the Z. Smith Reynolds Foundation and Housing Authority, established a revolving construction loan fund to pay for the materials for houses built by Cape Fear Community College and Topsail High School.  The houses were sold for $1,000 over cost to low income families.


The city gave WHFD lots it had foreclosed on for nonpayment of taxes.  WHFD sold these lots for $1.00 to modest income families to build a house on for their occupancy.  The value of the lot could be counted toward the down payment on the house, thereby helping modest income families buy a house.  WHFD and the City helped 23 families become home owners through the Dollar-a-Lot program.

NCHFA Programs

WHFD has utilized a variety of NCHFA (North Carolina Housing Finance Agency) programs such as Single Family Mortgage Loan Program and Down Payment Assistance Program to help families buy houses.  NCHFA has also issued tax-credits for several of our developments.

We serve many of our fellow Wilmingtonians across a range of income levels. Even when making a moderate income, it can be a challenge to find housing that is manageable financially.

The following describe some of our varied and diverse tenants:

(Our properties and programs serve different populations, depending on their needs.)

  • Low income individuals and families.

  • Middle-income individuals and families earning 60% or less of the area median income.

  • Individuals who are mentally ill and chronically homeless.