Jumpstart Germantown, a training program designed to help new developers find their footing in the industry and create affordable housing in Philadelphia, recently reached a $50 million milestone, writes Aaron Moselle for WHYY.

In late 2022, Les Hamilton was finishing up his time as a former military recruiter in Philadelphia and Maryland. Without a plan for life after service, he had already owned two rental properties and thought perhaps the next step might be going into real estate. 

Unsure how to do so, he signed up for Jumpstart Germantown, which turned out to be a life-changing decision. 

“[Jumpstart] gave me an opportunity to do something I know I will be proud of, that I knew I would love doing outside of my military career,” said Hamilton.

He is now a certified real estate developer.

Jumpstart Germantown was launched by veteran developer Ken Weinstein in 2015. He wanted to help individuals improve their community while simultaneously building wealth. 

After reaching a $50 million milestone, he is already looking ahead.

“We’re hoping that $100 million is not far off,” said Weinstein.

To date, Jumpstart has issued 416 loans and created 477 housing units. 

Read more about how Jumpstart Germantown has helped create more affordable housing opportunities in Philadelphia in WHYY.

_____