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Darby outlines rent‑stabilization proposal; public and landlords clash at Wilmington meeting
Summary
Councilwoman Shanae Darby presented a proposed rent stabilization ordinance during the Committee of the Whole, proposing a cap on annual rent increases of 5% or CPI (whichever is greater), exemptions for new construction, creation of a housing trust, inclusionary zoning and a housing‑stability subcommittee to review the policy within four years.
Councilwoman Shanae Darby spent the committee meeting detailing a proposed rent stabilization ordinance intended to limit annual rent increases, create tools for affordable‑housing funding and set up a review process to assess effectiveness.
Darby said the ordinance would limit annual rent increases to 5% or the Consumer Price Index (CPI), whichever is greater; allow landlords to apply for higher increases when justified by increased operating costs, tax or insurance increases, or major renovations; and exempt newly built units for 10 years from stabilization. She said units being rented for the first time ever would not be stabilized during the first year to allow owners to set base rents for newly created units.
The proposal would also create a City of Wilmington housing trust to collect…
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