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.
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.