Property Acquisition Pilot Program

The 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.

Peter Zoltowski at JSW Pilot Prog house

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. You will also receive Scope of Work (SoW) documents which have been created by DAHG for each available property. You can use the SoW to determine which property/properties you would like to apply for and you will need to submit a construction budget based on the provided SoW.  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 application webpage will contain the Open House Schedule, with available dates to visit the 4 homes between April 2 and April 26. You must attend at least one open house for the property/properties included in your application 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. The waiver will be available on the application webpage.

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 process will be followed for the available 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 and board 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 program. Applicants will be asked to provide detailed information regarding the proposed project, including but not limited to:

  • Proforma
  • Construction budget
  • Proof of funding
  • Project timeline
  • Proof of business license for the City of Wilmington
  • Proof of business license for the State of Delaware

The completed application will be submitted to: jumpstartwilmington@cinnaire.com.

A maximum of one property will be awarded per Jumpstart Wilmington developer. If you are interested in multiple properties, you will be permitted to submit applications for each of the multiple properties, however, only one (1) perperty will be awarded per person.

If submitting multiple applications, please rank the preference of each property on the application for consideration.

Application Deadline: Applications will be due by Friday, May 3, 2024, 5pm EDT and must be submitted to jumpstartwilmington@cinnaire.com. Applicants will be notified 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:  

    • 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.
    • Reviewed and understand Insurance Form from DAHG
  • WNCLB Application  
  • DAHG Application
  • DAHG Scope of Work Document
  • Construction Budget
  • Project Timeline
  • Proof of Funds
  • Photo ID
  • Jumpstart Wilmington Letter of Eligibility Certification Form (signed by a Jumpstart Wilmington Team Member)  
  • DAHG Disclosure and Release Liability Waiver
  • Proof of City of Wilmington Business License
  • Proof of State of Delaware Business License

If you have any questions, please email jumpstartwilmington@cinnaire.com.

 

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Cover Page

Available Properties

The Property Acquisition Pilot ProgramPhase 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 to develop. 

Phase

Phase 2

Partner Entity

Four (4) Delaware Affordable Housing Group properties

Date Available

April 1, 2024

The application webpage will contain the property list. A Scope of Work (SoW) created by DAHG will be available for each property.  You can use the SoW to determine which property/properties you would like to apply for and you will need to submit a construction budget based on the provided SoW.

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. 

Open House Schedule

The application webpage will contain the Open House Schedule, with available dates to visit the 4 homes between April 2 and April 25.  You will be granted access to the application webpage once you are confirmed as eligible to apply.

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. The waiver will be available on the application webpage.

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