Wilmington Council promotes Villa Maria project to boost downtown investment and affordable housing

Wilmington's FY2026 Budget Hearings spotlighted critical support for minority-owned businesses and ongoing development projects aimed at revitalizing the city. During the April 21 meeting, officials revealed that only 2 out of 8 businesses benefiting from recent funding were minority-owned, prompting discussions on increasing support for these enterprises.

A significant focus was placed on the impact of construction on local businesses, particularly those affected by unrelated projects that disrupt access and parking. City representatives confirmed that funds from the American Rescue Plan Act (ARPA) and strategic funds have been allocated to reimburse businesses suffering from reduced foot traffic due to construction. This initiative aims to help sustain these businesses during challenging times.

The meeting also highlighted the Villa Maria project, a mixed-use development set to transform a key corner in the Downtown Development District. This project will feature senior housing and commercial retail space, with hopes that it will attract further private investment and improve the overall look of the area. Community partners are actively involved, with additional funding opportunities available for facade improvements to enhance local businesses.

As Wilmington continues to navigate its budgetary priorities, the emphasis on supporting minority-owned businesses and fostering development projects reflects a commitment to economic growth and community revitalization. The outcomes of these initiatives will be closely monitored as the city seeks to bolster its local economy.