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Jumpstart Philly reached an incredible milestone! We’ve now loaned more than $50 million for renovation projects in Philadelphia! Jumpstart Germantown started in 2015 with just 10 loans in the Germantown area. In 2019 we expanded our lending footprint to include six neighborhoods, and today Jumpstart Philly lends Citywide. Since 2015 we’ve made 416 loans improving 477 housing units!
We’re so excited about the growth of our program, but we’re even more excited about the impact Jumpstart has made! Jumpstart was founded as a way to empower local residents to fix up blighted houses in their own communities and create wealth locally.
Jumpstart Philly is committed to helping women and people of color succeed in the real estate industry from which they have historically been excluded. By increasing diversity in real estate development, we can ensure that the needs and perspectives of underrepresented communities are better represented in housing development, leading to more equitable and sustainable affordable housing options. We’re seeing the face of real estate development becoming more diverse - more representative of the City of Philadelphia.
And with an estimated 40% of the city’s housing units needing repairs, programs like Jumpstart are key to reversing Philadelphia’s housing shortage. We provide funding for small developers to renovate homes to provide healthy sustainable housing options for Philadelphians. Additionally, blighted properties in our neighborhoods are being stabilized & revitalized, helping to create more welcoming communities.
Join us in our mission to build a more equitable and thriving community in Philadelphia! We invite interested area developers, new and experienced, to check out JumpstartPhilly.com to see how you can help alleviate Philly’s affordable housing problem while supporting safer neighborhoods.
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