JBG SMITH announced today that its Impact Pool, an affordable housing investment platform, has surpassed its goal by creating and preserving over 3,000 units of quality workforce housing across the Washington region since 2020. Spearheaded by AJ Jackson, EVP of Social Impact Investing at JBG SMITH, the Impact Pool exceeded its target ahead of schedule, with remaining capital available for further investments. 

Notable investments include Parkstone Alexandria and Crystal House. They provided $6 million to Montgomery Housing Partnership for the Franklin Apartments, aligning with their mission to stabilize communities. MHP, a non-profit, offers resources like food pantries and health seminars.  

“Investing at scale allows us to have a meaningful impact, and this milestone reinforces our commitment to preventing displacement and preserving affordability in rapidly changing neighborhoods vulnerable to rising housing costs. Consequently, we plan to continue to finance workforce housing through other vehicles even after the Impact Pool’s funds have been fully deployed,” said AJ Jackson, EVP of Social Impact Investing at JBG SMITH. 

The post JBG SMITH Workforce Housing Initiative Exceeds 3K Units     appeared first on Connect CRE.

Gillian Executive Search is a leader in Affordable Housing Development, Financing, Design and Construction recruiting. www.gessearch.com