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Committee releases escrow ordinance to create city‑managed rent escrow account; administration raises cost and liability concerns
Summary
The Wilmington City Council’s Community Development and Urban Planning Committee voted May 8 to release Ordinance 25‑18, an amendment to Chapter 34 of the city code that would establish a city‑managed escrow account for tenants who withhold rent while pursuing habitability repairs.
The Wilmington City Council’s Community Development and Urban Planning Committee voted May 8 to release Ordinance 25‑18, an amendment to Chapter 34 of the city code that would establish a city‑managed escrow account for tenants who withhold rent while pursuing habitability repairs.
Councilmember Yolanda McCoy, the ordinance sponsor, described the escrow account as an alternative to tenant withholding that would provide a secure place for withheld funds, notify landlords, and allow the city to hold funds until inspection and agreement that required repairs are complete. "So instead of just keeping the money for yourself, the tenants can now put the withheld rent into a…
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