Thank You for Your Interest in Jumpstart Wilmington's Property Acquisition Pilot Program
The purpose of Jumpstart Wilmington is to promote the growth of local developer capacity through training and development to support neighborhood revitalization and community development solutions.
The Property Acquisition Pilot Program was created to address barriers graduates may experience moving projects forward – accessing property to acquire and develop.
Cinnaire/Jumpstart Wilmington is partnering with City of Wilmington's Department of Real Estate and Housing, Wilmington Neighborhood Conservancy Land Bank (WNCLB), and the Delaware Affordable Housing Group (DAHG) to address this property sourcing challenge to develop a pipeline of properties that will be exclusively available for Jumpstart Wilmington graduates to acquire.
In addition, developers in need of financial assistance for acquisition, construction, renovation of single-family homes, multi-family or mixed-use properties located in Wilmington are invited to apply to Jumpstart Wilmington's Loan Program.
For more information on the Property Acquisition Pilot program, click here.
HOW TO APPLY
This program is only available to developers who have successfully completed the Jumpstart Wilmington training program. This means that you have attended all training sessions, including the orientation session.
Eligibility Screening:
- Download and complete the Letter of Eligibility from the Property Acquisition Pilot Program webpage.
- Submit the completed Letter of Eligibility to jumpstartwilmington@cinnaire.com and a Jumpstart Wilmington team member will review your submission and certify your eligibility to apply.
- If eligible, you will receive a certified Letter of Eligibility (with signature from a Jumpstart Wilmington team member) and a link to the application webpage which will enable you to move forward with the application process. Please retain the certified Letter of Eligibility because you will need to submit a copy with your application(s).
- The application webpage link should not be shared.
Open House:
- The Open House Schedule, listed below, provides the available dates to visit the 4 homes between April 2 and April 25. You must attend at least one open house prior to submitting your application. Verification that you have visited an open house for the property you are bidding on will need to be submitted with your application. Please note: A Disclosure and Release Liability Waiver will need to be submitted before visiting any of the units.
Information Session:
- You will need to have attended a Jumpstart Wilmington Property Acquisition Pilot Program Information Session held on March 27, 2024 or listen to the information session recording.
Application Process:
The following application process must be followed for the four (4) DAHG properties.
- Jumpstart Wilmington developer will complete a WNCLB application.
- Jumpstart Wilmington developer will complete a DAHG application.
- Applications will be scored using WNCLB review and scoring criteria.
- The WNCLB’s disposition committee will make a recommendation for each of the applications received.
The WNCLB application will be used to consider acquisition requests for all 4 properties under this phase. Applicants will be asked to provide detailed information regarding the proposed project, including but not limited to:
- Proforma
- Construction budget
- Proof of funding
The completed application will be submitted to: jumpstartwilmington@cinnaire.com
A maximum of one property will be awarded per Jumpstart Wilmington developer. You may submit applications for multiple properties. If submitting applications for multiple properties, please rank the preference of each property on the application.
Application Deadline: Applications will be due by Friday, May 3, 2024, 5pm EDT and should be submitted to jumpstartwilmington@cinnaire.com. Applicants will be notified on their award by June 1, 2024.
Jumpstart Wilmington developers will be able to apply to the Property Acquisition Pilot Program starting April 1, 2024.
Application Package:
Your application package should contain:
- Application cover page certifying that you have included the following things:
- Letter of Eligibility Form
- DAHG Disclosure and Release Liability Waiver
- Confirmation you have attended at least one (1) open house.
- Confirmation you have attended the Jumpstart Wilmington Information Session or watched the recording.
- WNCLB Application
- DAHG Application
- DAHG Disclosure and Release Liability Waiver
- Jumpstart Wilmington Letter of Eligibility Certification Form (signed by a Jumpstart Wilmington Team Member)
If you have any questions, please email jumpstartwilmington@cinnaire.com.
Available Properties
The Property Acquisition Pilot Program Phase 2 will consist of a total of 4 properties that will be made available for our Jumpstart Wilmington graduates to acquire from the Wilmington Housing Authority’s Delaware Affordable Housing Group and develop.
Phase
Phase 2
Partner Entity
Four (4) Delaware Affordable Housing Group properties
Property Address
- 116 W. 27th Street
- 124 Ruth Street
- 207 E. 25th Street
- 213 E. 24th Street
Date Available
April 1, 2024
The right is reserved to reject any and/or all proposals, to waive technicalities, to advertise for new proposals, or to proceed to do the work otherwise, if in the judgement of the City of Wilmington or Delaware Affordable Housing Group. The best interest of the stakeholder will be promoted thereby.
Click Here to Download Property Acquisition Application Form
Open house schedule
Please see the open house schedule below with available dates to visit the 4 DAHG properties between April 2 and April 25. Jumpstart Wilmington can visit these properties to inspect. You will receive a copy of the scope of work for each property that you plan to visit.
You must attend at least one open house prior to submitting your application. Verification that you have visited an open house for the property you are bidding on will need to be submitted with your application.
Please note: A Disclosure and Release Liability Waiver must be submitted before visiting any of the units. Please submit the completed liability waiver to Jacinta Puckett at jpuckett@whadelaware.org with a copy to jumpstartwilmington@cinnaire.com.
Open House Schedule - Each property has two available dates to choose from.
| Property | ||
|---|---|---|
| 116 W. 27th Street | April 2, 2024 | 10:30 a.m. - 12:00 p.m. |
| (Scope of Work) | April 16, 2024 | 10:30 a.m.- 12:00 p.m. |
| 124 Ruth Street | April 4, 2024 | 10:30 a.m. - 12:00 p.m. |
| (Scope of Work) | April 18, 2024 | 2:00 p.m. - 3:30 p.m. |
| 207 E. 25th Street | April 9, 2024 | 10:30 a.m. - 12:00 p.m. |
| (Scope of Work) | April 23, 2024 | 10:30 a.m. - 12:00 p.m. |
| 213 E. 24th Street | April 11, 2024 | 10:30 a.m. - 12:00 p.m. |
| (Scope of Work) | April 25, 2024 | 10:30 a.m. - 12:00 p.m. |
