AI-assisted summary

Wilmington City Council rejected a proposed ordinance to cap annual rent increases at 5% or the regional consumer price index, whichever is higher.

The decision sparked protests from community members and renters who advocated for the ordinance to address high housing costs.

Landlords and developers opposed the cap, arguing it would discourage new housing construction.

Wilmington's renters won't have protection from large annual price hikes.

The Wilmington City Council failed to pass an ordinance that would have capped annual rent hikes for the majority of rental units at 5% or the consumer price index of the region, whichever is greater. There are exemptions for first-time rental units and new buildings with a certificate of occupancy for their first 10 years. The

See Full Page