WELCOME TO
JUMPSTART INDY
Presented by
MARTINDALE BRIGHTWOOD
Community Development from the Inside Out
About Jumpstart Martindale Brightwood
Jumpstart Indy 2024 Application Update
We are no longer accepting applications for the 2024 Jumpstart Indy cohort.
Important Dates:
Decision Announcements: First week of July
Program Start Date: Thursdays, July 25th – September 5, 2024
Thank you to all who applied. We look forward to welcoming our new cohort soon! For any questions, please contact Jasmine Buchanan at [email protected] or call 317-924-8042.
Jumpstart Martindale Brightwood was launched to help Martindale Brightwood residents to become developers of their own neighborhood through quality, community-focused real estate development training and financing options. Our program is modeled after two existing Jumpstart programs:
- The original Jumpstart Germantown Program, which Ken Weinstein created to facilitate the revitalization of the Germantown neighborhood of Philadelphia through high-quality residential renovations.
- The Jumpstart Wilmington Program, which was led by Dionna Sargent of Cinnaire, to assist the revitalization of the city of Wilmington area in Delaware.
Increasing local developer capacity in Martindale Brightwood is essential to scaling development activity and revitalizing communities more rapidly. We see residents of the Martindale Brightwood neighborhood as the best resource for community revitalization, as many have the potential to effect positive change in their neighborhood. Jumpstart Martindale Brightwood can provide aspiring developers who live in the community with the skills, knowledge, and support they need to rehabilitate fundamental properties one at a time. In the absence of established real estate developers willing to invest in smaller-scale projects, this program will cultivate a force of new local developers who currently reside in Martindale Brightwood or Indianapolis; and have a commitment to improving the Martindale Brightwood neighborhood.
Purpose
The aim of the program is to create a training program for aspiring/new real estate developers who were seeking a mentor to guide them through the world of residential real estate development. The program targets developers who reside in Martindale Brightwood or Indianapolis and who have a strong interest and commitment to development in the Martindale Brightwood neighborhood. Jumpstart is a successful alternative to the “boom and bust” cycle of real estate development. The combination of slow, steady growth, scattered site rehab, and a mix of affordable and market-rate housing acts as a bulkhead against gentrification, encouraging development that sustains and attracts real economic diversity in our communities.
The objectives of the program are to:
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- Create opportunities for local residents to invest and develop in their neighborhoods
- Build wealth locally
- Support scattered-site rehabilitation (as opposed to urban renewal)
- Encourage a healthy mix of affordable and market-rate housing
- Improve neighborhood safety and raises property values through blight reduction
- Help first-time investors become more attractive to traditional lenders
- Provide opportunities to groups traditionally under-represented in real estate development
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The success of Jumpstart Martindale Brightwood will be dependent on the experienced seasoned real estate professionals that volunteer their time to share their experience and insights with new/rookie developers. The program will include a dynamic team of presenters who share a broad base of knowledge of the local real estate market and deep involvement in Indianapolis-based neighborhoods. Each has a passion for community and economic development issues such as tackling blight, slowing gentrification, keeping resources and capital in the neighborhood, and engaging community residents in impacting their neighborhoods.
Mentor Expectations and Responsibilities
Mentor Qualifications
- Residential and/or commercial real estate development experience. We are seeking experienced developers who have developed at least 10 properties.
- Understand most or all of the development process applications outlined in the Jumpstart Martindale Brightwood Workbook.
Mentor Expectations
- Establish communication with your mentee within the first week after the mentoring session ends to introduce yourself.
- Determine realistic and attainable expectations for mentee and mentor and determine best form(s) of communication.
- Maintain confidentiality with mentee.
- Complete and return annual program evaluation for each mentee.
Mentor Requirements
- Minimum 1-year commitment to the program.
- Seasoned Leadership capabilities.
- High personal moral and ethical standards.
- Share and support Jumpstart Martindale Brightwood mission.
Mentor Responsibilites
- Be positive, honest and approachable by developing a positive counseling relationship and a climate of open communication.
- Get to know the person you are mentoring on both a personal and professional level.
- Provide guidance on real estate development.
- Be respectful and supportive of your mentee.
- Be available by phone, email and/or in person.
- Be sincere. Praise efforts as well as accomplishments.
- Help mentees identify problems and solutions.
- Be aware of mentee’s progress.
- Provide feedback and advice.
- Be aware of the mentee’s strengths and areas of development.
- Share stories, including mistakes.
- Refer mentees to other business associates.
- Be helpful in expanding your mentee’s relationship base.
- Respect confidentiality.
Mentee Expectations and Responsibilites
Mentee Qualifications
- Must have attended all Jumpstart Martindale Brightwood training sessions and the orientation session. This does not include Kickstart Sessions or Developer Network Events.
- Must have an intent to develop residential and/or commercial real estate in Martindale Brightwood.
Mentee Expectations
- Timing. Establish communication with your mentor within the first week after mentor matching introductory email is sent.
- Mutual expectations. Determine realistic and attainable expectations for mentee and mentor and determine best form(s) of communication.
- Mutual obligations. Both mentor and mentee are mutually obligated to maintain communication.
- Clarity of request. Be clear about your goal(s) when engaging your mentor on a particular topic.
- Confidentiality. Maintain confidentiality with mentor.
- Evaluation. Complete and return evaluation of your mentor when provided by Jumpstart Martindale Brightwood program staff.
- Transparency. If you have been matched with a mentor but find that you are not in a position to effectively utilize their guidance and expertise at that time, please be transparent with your mentor about your circumstances and ask if you can reengage at a later time when you are more fully able to take advantage of their assistance.
Mentee Requirements
- Minimum 1-year commitment to the program.
- High personal moral and ethical standards.
- Share and support Jumpstart Martindale Brightwood mission.
Mentee Responsibilities
- Be positive, honest, and approachable.
- Work to develop a positive relationship and a climate of open communication.
- Get to know your mentor.
- Be respectful of your mentor, their time commitments, and other obligations.
- Be available by phone, email and/or in person as mutually agreed upon with your mentor.
- Be aware of your mentor’s strengths and areas of development.
- Share experiences in real estate development to date to help your mentor understand your level of experience.
- Respect confidentiality.
If this sounds exciting to you and you want to be a part of this program changing neighborhoods in Martindale Brightwood, please complete this form and we will contact you with next steps.
Partners/Funders
