BUCCINI POLLIN GROUP DONATES BUILDING AT 417 N MARKET STREET TODELAWARE AFFORDABLE HOUSING GROUP

The $1 transaction will create affordable housing opportunities for middle-income residents

WILMINGTON, DE – January 22, 2026 – Buccini Pollin Group, Inc. (BPG) today announced the $1 dollar sale of the 417 N Market Street building to Delaware Affordable Housing Group (DAHG), the non-profit affiliate of Wilmington Housing Authority (WHA).

The 5,200 square-foot building will be redeveloped into five, one-bedroom apartments, including one handicap accessible unit, and 800 square feet of ground-floor retail space. The modern units will be rent-stabilized for middle-income residents, with rents priced at 25% below the U.S Department of Housing and Urban Development (HUD)’s Fair Market Rents (FMR) for the neighborhood.

“Fostering thriving, diverse communities is a cause I care deeply about. The partnership with WHA and DAHG allows us to repurpose underutilized property to help develop inclusive neighborhoods for all,” said Rob Buccini, founder, Buccini Pollin Group. “Thank you to City Councilwomen Latisha Bracy, Zanthia Oliver, and Michelle Harlee for their help in coordinating this impactful opportunity.”

DAHG plans to begin renovations this year. Annual rent increases for the units will be limited to 1% to ensure the long-term affordability of the apartment complex.

“Delaware is facing a severe affordable housing crisis, and the local community has made it clear that we can’t leave behind the moderate-income individuals and families who are currently rent-burdened,” said Vincent White, vice president of operations, DAHG. “Cross-sector and public-private partnerships are essential in creating innovative housing solutions. We appreciate Buccini Pollin Group’s generous donation to help us bridge the critical ‘missing middle’ housing gap in Wilmington.”

DAHG owns the property and WHA will fund the renovations and provide property management services.

BPG is deeply committed to social responsibility and creating vibrant, thriving communities. BPG Cares, the organization’s community outreach arm, strives to enhance the quality of life in the neighborhoods where it lives and works through non-profit partnerships, community service, and robust programming centered around youth development, workforce development, and arts and placemaking.