Revitalizing Communities: Noelle Carter Jumpstarts her Journey as a Developer in Philadelphia

by Noelle Carter

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As a young investor and future developer, Noelle has always had a passion for creating wealth while giving back to her community. That's why she joined Jumpstart Germantown, a development program that teaches aspiring investors like me how to revitalize neighborhoods in Philly by removing blight and building local wealth.

In October 2021, Noelle was awarded a dilapidated property in Southwest, Philadelphia, which is in need of a full rehab. The property came to her through a new partnership between Jumpstart and the Philadelphia Housing Authority that has put 10 former PHA properties in the hands of newly trained developers. This program enables Noelle to develop her very first rehab that will offer a Philadelphia family affordable homeownership.

Participants in PHA’s homeownership program will have the opportunity to buy the homes rehabbed through the partnership. Most of the properties included in the program are in North and West Philadelphia with large backlogs of vacant homes and growing affordability challenges. Ultimately, the houses rehabbed through the partnership will be sold for $175,000 or less to families at 80% of the area’s median income, which is about $62,000 for a family of four.

 

This program is a unique opportunity for people in Philadelphia to invest in and remove blight from their immediate community. The final price of each house will be determined by the completed appraised value and what the family can afford. With this partnership, PHA President Kelvin A. Jeremiah said he hopes to increase the capacity of local residents to improve their communities by providing affordable homeownership opportunities while mitigating the effects of gentrification.

Being a homeowner is an incredible achievement, but being able to give back to your community by rehabilitating dilapidated homes is even more rewarding. Programs like Jumpstart are providing people with the skills and resources they need to make a positive impact on their neighborhoods, and it’s exciting to see what Noelle and others will be able to achieve with these opportunities.

 

Follow her renovation journey on Instagram!

For more information:

Jumpstart Germantown 

 

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