Category: Residential Real Estate

Historic tax credits fuel downtown development

By Ken Mammarella Special to Delaware Business Times A good way to appreciate the importance of the Delaware Historic Preservation Tax Program is to experience downtown Wilmington’s revitalization as a consumer, a resident, a worker or a businessperson. Or talk to Mike Hare, executive vice president of The Buccini/Pollin Group. “Any projects that we have…

(AP) — Proposed rent increases at a mobile home community on Delaware’s Rehoboth Bay are exposing ambiguities in a state law designed to regulate the relationship between homeowners and their landlord. The News Journal reports arbitration hearings are scheduled for next month on proposed rent increases at the Rehoboth Bay mobile home park. Residents are…

(AP) — A Delaware mayor’s proposal to impose liens and sheriff sales on vacant and blighted properties has stalled. The News Journal of Wilmington reports that Mayor Mike Purzycki’s proposal failed to advance on Monday, as Wilmington City Council members and residents expressed concerns. Members voted to hold the legislation for further deliberation. The legislation would convert…

(AP) — A Delaware man says he’s the victim of a so-called “home takeover” scam. The News Journal reports that Alexander Pratt lived in a Wilmington house for 10 months with his fiancee and son before being locked out. He’ll be forced to retrieve his belongings next week. Pratt said the man he thought was…

The Welfare Foundation has stepped away from the planned Whitehall development in New Castle County. The 87-year-old nonprofit announced it will refocus on its core mission of charitable giving. EDiS Company and Eastern States Development Company will continue with the Whitehall development. “We are thrilled to continue the dream that is Whitehall and that we…

Wilmington Mayor Mike Purzycki today proposed a series of ordinances to help reduce blight caused by vacant and neglected properties. The four bills would: shift the enforcement of housing code requirements from criminal to civil strengthen the Vacant Property Registration Fee Program strengthen the Nuisance Property Program simplify the residential rental license fee permit the…

The Statewide Emergency Repair Program, which supports urgent home improvement projects, has won national recognition from the National Council of State Housing Agencies with a 2017 Annual Award for Program Excellence. The state program assists in cases where a home repair issue presents immediate health or safety threats, such as plumping, electrical and roof repairs. “We…

The tight housing inventory is creating stiff competition for homes and driving up prices in many markets, according to a Berkshire Hathaway Home Services survey. About 71 percent of prospective homeowners – mostly millennials – said now is a good time to buy a home, but 72 percent say home buying has become increasingly competitive…