May 2024

WELCOME!

We work to revitalize Philadelphia through training, mentoring, networking and providing financial resources to local aspiring developers. We are more than a bank, we’re a non-traditional, community-driven lender ready to see you succeed!

NEWS YOU CAN USE

Permit Alert: Check the Status

Issued, Completed, Expired - do you know the status of your L+I permits? Obtaining the necessary permits for your project is just the first step. Don't forget to ensure all permits are closed out and completed!


Most L+I permits require final inspection before they are considered complete. Throughout the renovation process be sure your contractor schedules all necessary inspections with L+I, including the final inspection. Approval documents will be issued upon successful completion of all required inspections (and will be available via eCLIPSE).


If you're not the one pulling permits, ask your contractor to add you as a contact in eCLIPSE so you can log in and see the status of all your permits.


Completed building permits are necessary in order to obtain a Certificate of Occupancy (required if you'll be renting), and a Property Sales Certification (required if you're selling). Not closing out your permits can cause you delays and headaches.


Don't release final payment to your contractor until all punch list items are completed and you have documentation from L+I that all permits are completed.


PRO TIP #1: Electrical permits must be closed out by a third party prior to scheduling final inspections with L+I for all other permits.

UPCOMING JUMPSTART EVENTS



Project Management (Part 1)

Date: 5/22/24

Location: In Person (4701 Germantown Ave)



Project Management (Part 2)

Date: 6/5/24

Location: Virtual (Zoom Webinar)



How to Start a Project

Without Any Money

Date: 6/12/24

Location: In Person (4701 Germantown Ave)



JUMPSTART Think Tank

Date: 7/10/24

Location: In Person (4701 Germantown Ave)

Click Here to Register for Events

ANNOUNCING

Fall Jumpstart Germantown Training Program

Applications now OPEN

The moment you've all been waiting for!!


Applications are open for Germantown residents for the Fall 2024 Jumpstart Germantown Training cohort! This program will run September 10th - October 10th. For details, and to apply, visit JumpstartGermantown.com.


From May 1st to May 31st, we'll enroll applications from Germantown-area residents. (Zip codes 19144, 19138, 19150, 19119, 19126, 19129)


Starting June 1st, we'll open up to all Philadelphia residents.


If seats remain after August 1st, we will begin enrolling applicants from the surrounding Philadelphia area.


Once you apply, be sure to keep an eye on your inbox for next steps to enroll (we have a short reading and very short quiz)!

APPLY NOW

JUMPSTART BORROWER HIGHLIGHT

Meet Allen!

We're excited to be helping Allen revitalize blighted housing in Germantown, North Philly and West Philly. He gets projects started quickly and knows how to effectively analyze deals.


Learn how you can become a Jumpstart borrower yourself:

jumpstartphilly.com

Allen Spearman has completed two projects using the Jumpstart Philly loan - and currently has four more properties

in the works!


He's also a regular attendee at our JUMPinar and Think Tank events, and provides advice for newer, less experienced developers.


Here's one tip Allen shared with us: "I’ve learned that you have to give them something that’s not in most homes. People still eat with their eyes. Give them plenty of eye candy."

EVENT RECAP

JUMPSTART Think Tank - May 1st

Our Jumpstart Think Tank is back and better than ever!


We were thrilled to see so many Jumpstarters engaging with one another and providing thoughtful and educational advice. Thanks to everyone who came out May 1st - it was a wonderful evening of sharing information, networking and pizza! We couldn't do it without our sponsor - Joe Scorese of Lendmarq.

If you missed this event, don't worry, you can join us July 10th. The Jumpstart Think Tank is a wonderful opportunity for developers (new and experienced) to present challenges or ask questions of the Jumpstart community. As always, thanks to Jumpstart Germantown mentors Josh Pagan and Dewain Johnson for facilitating.


You can register now for July 10th at JumpstartGermantown.com/events


Thanks to H&H Settlement for sponsoring our July Think Tank!

ANNOUNCEMENT FROM JUMPSTART NORRISTOWN

. Contact Us!.

jumpstart@phillyofficeretail.com

(215) 247-5555 ext. 219

www.jumpstartphilly.com

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