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In late 2008, when Michael Krause became CEO of the Wilmington Housing Authority, he recalled Creekwood South was a community on the verge of collapse.

The public housing project, which opened in 1972 on land north of Market Street, had not been substantially updated. Dozens of units plagued with termite damage, moisture, plumbing problems and other issues sat vacant and boarded up.

On Friday, the authority officially unveiled the new Creekwood South after the authority spent about $16 million – using federal money and tax credits – to redevelop its 198 units.

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