JBG SMITH Announces Major Milestone for the Washington Housing Initiative Impact Pool
Retrieved on:
Monday, January 9, 2023
Other Philanthropy, Commercial Building & Real Estate, Construction & Property, Finance, Professional Services, Philanthropy, Other Construction & Property, Residential Building & Real Estate, Emergency medical technician, JBG, Housing, A. J. Jackson, EVP, Nursing, Federal City Council, NYSE, WHI, Union Place, Jonathan Rose, Montgomery House Bed and Breakfast, Acquisition, Investment, NoMa, School, SMITH, Social impact, Insurance, Commercial property
Part of the Washington Housing Initiative (WHI) that was launched by JBG SMITH and Federal City Council, the Impact Pool leverages private capital to help combat the scarcity of housing for middle-income families throughout the DC region’s most up-and-coming neighborhoods.
Key Points:
- Part of the Washington Housing Initiative (WHI) that was launched by JBG SMITH and Federal City Council, the Impact Pool leverages private capital to help combat the scarcity of housing for middle-income families throughout the DC region’s most up-and-coming neighborhoods.
- The Impact Pool is managed by a subsidiary of JBG SMITH.
- “We created the Impact Pool to steer private investment into housing for teachers, nurses, EMTs and other workers who are essential to their communities,” said AJ Jackson, EVP of Social Impact Investing at JBG SMITH.
- In March, the WHI Impact Pool provided financing for the Washington Housing Conservancy and Montgomery Housing Partnership’s acquisition of Earle Manor, a 140-unit multifamily asset.