A. J. Jackson

JBG Smith Achieves Goal to Preserve 3,000 Housing Units With Washington Housing Initiative Impact Pool

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星期一, 四月 15, 2024
Other Construction & Property, Residential Building & Real Estate, Urban Planning, Construction & Property, KeyBank, Safety, Housing, EVP, Impact, A. J. Jackson, Health, JBG, Social impact, Freddie Mac, Federal City Council, SMITH, MHP, Multimedia, Franklin Apartments, WHI, Hotel

JBG SMITH (NYSE: JBGS) today announced that the Impact Pool, the affordable housing investment platform it manages, has helped create and preserve more than 3,000 units of quality workforce housing across the Washington region since 2020, outpacing its goal to deliver 3,000 units by 2025 and with capital remaining to invest in additional units.

Key Points: 
  • JBG SMITH (NYSE: JBGS) today announced that the Impact Pool, the affordable housing investment platform it manages, has helped create and preserve more than 3,000 units of quality workforce housing across the Washington region since 2020, outpacing its goal to deliver 3,000 units by 2025 and with capital remaining to invest in additional units.
  • Consequently, we plan to continue to finance workforce housing through other vehicles even after the Impact Pool’s funds have been fully deployed.”
    Launched by JBG SMITH in 2019, the Impact Pool is a key component of the Washington Housing Initiative (WHI) created by JBG SMITH and the Federal City Council.
  • The Impact Pool, managed by a subsidiary of JBG SMITH, leverages private capital to help combat the loss of housing for middle-income families.
  • The Impact Pool previously partnered with MHP to provide financing for the 140-unit Earle Manor apartments, located in Wheaton, MD.

JBG SMITH Announces Major Milestone for the Washington Housing Initiative Impact Pool

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星期一, 一月 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.