Our innovative model

How it works

The Washington Housing Initiative is comprised of two entities working together to keep the local workforce truly local: The Impact Pool and The Washington Housing Conservancy.

The Impact Pool

The Impact Pool is an investment vehicle that targets after-tax returns equivalent to many traditional investment funds, while at the same time delivering significant social impact. It seeks to provide private investors a total 7% internal rate of return over the life of the investment, inclusive of the current return and after all expenses. Most of the return is expected to be tax-exempt. The Impact Pool is managed by JBG SMITH Impact Manager, a subsidiary of JBG SMITH Properties.

Key principles

  • Focus on high-impact locations

  • Commit to long-term affordability

  • Invest at scale, with speed, certainty, and flexibility

  • Sustain and strengthen inclusive communities

  • Build a replicable model that can be used by other communities

The Washington Housing Conservancy

The Washington Housing Conservancy is an independent 501(c)(3) non-profit that purchases properties in high-impact locations. Their mission is to keep residents living close to their jobs by offering multi-family housing at affordable rental rates. Capital from the Impact Pool helps to finance the properties purchased by the Washington Housing Conservancy.

© 2019 JBG SMITH Impact Manager, LLC
Privacy Statement  |  Terms & Conditions

This site contains forward-looking statements. These statements reflect our current views, and are subject to numerous risks, uncertainties, assumptions and changes in circumstances that may cause actual results to differ significantly from those expressed herein. We do not guarantee that the projections and events described herein will happen as described (or that they will happen at all).

 

The material on this site shall not constitute an offer to sell or the solicitation of an offer to buy securities, nor shall there be any offer, solicitation or sale of securities in any  jurisdiction in which such offer, solicitation or sale would be unlawful.

 

Any offer and sale of interests in the Impact Pool will be made pursuant to a Private Placement containing important information about the terms and risks related to the investment opportunity and important information about the Impact Pool.