Property Acquisition Program

The Property Acquisition 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 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 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 application webpage will contain the Open House Schedule, with available dates to visit the 5 homes between May 5 and June 6. 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 Thursday, April 24, 2025 or listen to the information session recording.

Application Process: 

The following process will be followed for the available WNCLB properties.

  • Jumpstart Wilmington developer will complete a WNCLB application.
  • The WNCLB Disposition Committee will review and score the applications and make recommendations for the WNCLB board approval.
  • The WNCLB will review the Disposition Committee’s recommendation and provide a final decision on approval/denials.

The WNCLB application will be used to consider acquisition and construction requests for all 5 properties under this program. Applicants will be asked to provide detailed information regarding the proposed project, including but not limited to:

  • Proforma
  • Construction budget
  • Comprehensive Scope of Work
  • Proof of funding
  • Project timeline

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) property 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 Monday, June 9, 2025, 5pm EDT and should be submitted to jumpstartwilmington@cinnaire.com. Applicants will be notified of their award by July 11, 2025. 

Jumpstart Wilmington developers will be able to apply to the Property Acquisition Program starting May 5, 2025.

Application Package:  

Your application package should contain:  

    • Certified Letter of Eligibility Form  
    • WNCLB 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.
    • Certification of Completion from the BrightFields Lead Renovation, Repair and Painting (RRP) course
  • WNCLB Application  
  • WNCLB Disclosure and Release Liability Waiver
  • Property Scope of Work
  • Jumpstart Wilmington Letter of Eligibility Certification Form (signed by a Jumpstart Wilmington Team Member)
  • Proof of Funds
  • Driver's License or Photo Identification showing your city and state of residence.

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

 

Click image to download
Cover Page

Available Properties

The Property Acquisition Program Phase 3 will consist of a total of 5 properties that will be made available for our Jumpstart Wilmington graduates to acquire from the Wilmington Neighborhood Conservancy Lank Bank to develop. 

Phase

Phase 3

Partner Entity

Five (5) Wilmington Conservancy neighborhood Land Bank properties

Date Available

May 5, 2025

The application webpage will contain the property list.

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. 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 5 homes between May 5 and June 6. 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.

Please submit the completed liability waiver to Ray Saccomandi at ray.saccomandi@wilmingtonlandbank.org and jumpstartwilmington@cinnaire.com.

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