Real Estate Development

Transforming neighborhoods through affordable housing development

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Revitalizing Communities, One Home at a Time

With an estimated shortage of nearly 20,000 affordable homes for low- to moderate-income households, addressing the housing crisis is an urgent priority for both the city and county. This shortage has left countless families struggling to find safe, quality, and affordable housing amidst rising demand and limited supply.

Through our Real Estate Development (RED) line of business, ICHDE is committed to ensuring that every individual and family has access to housing that is safe, sustainable, and affordable.

As one of the largest nonprofit affordable housing developers in Delaware and a leading Certified Community Housing Development Organization (CHDO), ICHDE is dedicated to meeting the housing needs of low- to moderate-income families.

With over 50 years of experience and a track record of developing more than 1,500 affordable housing units, we have partnered with the City of Wilmington and New Castle County for over two decades to revitalize communities and provide housing solutions.

Our development activities span the revitalization and rehabilitation of existing properties, as well as the construction of new affordable housing units to serve underserved communities across Delaware.

Beyond creating new opportunities, the RED team also manages and maintains properties within ICHDE’s Asset Management portfolio, preserving affordability and ensuring long-term sustainability for rental housing stock.

See our Homes for Sale

Stay tuned! Three brand-new townhomes in Wilmington’s vibrant Trinity Vicinity neighborhood will be available soon. Contact us for more information.

Revitalization Projects

- 23 units of affordable rental housing at Arbor Place III supported by New Castle County ARPA funding.
- 36 units of affordable housing at Overlook Colony in Claymont supported by New Castle County ARPA funding.
- 55 scattered-site units in West Center Place, Wilmington supported by FHLBank Pittsburg AHP grant funding and Welfare Foundation grant funding.

Pictured: Delaware Governor Matt Meyer helping our renovation efforts in 2024

New Development Projects

- Twelve (12) 3-bedroom, 2.5-bath, single-car garage homes in Townsend for LMI households supported by NCC HOME funding.
- Three (3) townhomes for LMI households in Wilmington’s Trinity Vicinity 9th Street neighborhood supported by City of Wilmington funding and DSHA Catalyst funding.
- 36 single-family homes with 3-4 bedrooms, 2.5 bathrooms, and a 1-2 car garage for LMI households in Milford.

Pictured: Our latest Trinity Vicinity deveopment close to completion in 2025

See our Homes for Sale

Our latest development project:
9th Street Trinity Vicinity, Wilmington, DE

The 9th Street Trinity Vicinity Project consists of three newly constructed townhomes. Each two-story home will have three bedrooms, two and a half baths and approximately 1578 sq ft of living space.

The homes will be sold to first-time homebuyers at 80% of Area Median income (AMI). Stay tuned for when these beautiful homes hit the market!