WILMINGTON — An amended ordinance that would cap rent increases in Wilmington is set for a vote on Thursday night, despite pushback from local landlords and economic development leaders.

Ordinance 25-016 would cap rent increases to 3% of the most recent rent base or the 12-month average of the area Consumer Price Index, whichever is lower. The ordinance, if it passes, would not apply to student housing, first time rental units and the first 10 years of a new building.

It would also create a Housing Stability Committee, which would monitor the rent control policy, collect data on housing costs and recommend long-term solutions.

More than half of Wilmington residents are renters, but inflation and rising costs have driven housing costs up. The 2022 Delaware Statewide Housing Needs Ass

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