The Washington Housing Conservancy’s Executive Director, Kimberly Driggins, and AJ Jackson, EVP of Social Impact Investing at JBG SMITH, wrote a piece for Shelterforce on WHC’s creative social impact investment model. With access to the type of low-interest capital offered by JBG SMITH’s Impact Pool, WHC has been able to preserve 1,400 mixed-income apartments in multifamily communities across with DC, MD, and VA area in less than 2 years. It details that:
“The development of a multipurpose toolbox enables competition with private development at scale and speed. Residents don’t have to be displaced. Inclusive communities and neighborhoods become a reality. And new opportunities open for residents to build wealth and pursue individual ambitions.”
Read the full article in detail HERE.
Photo courtesy of JBG SMITH
Preserving housing affordability and promoting economic mobility in the DC-region
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