**Impact Pool Investment to Preserve Affordability at Arlington Residential Community**
LEO Impact Capital, the workforce housing investment management platform of JBG SMITH, has announced that the Impact Pool, an investment vehicle it manages, has made a preferred equity investment in Haven Columbia Pike. The investment will preserve the affordability of all 118 apartments at the property—a garden-style residential community located at 805 S. Florida Street in Arlington, Virginia, and owned by Insight Property Group.
The investment enables Insight Property Group to recapitalize the asset, implement significant capital improvements, and designate all 118 units as workforce housing for families earning 60% or less of the Area Median Income (AMI), which is approximately $88,500. Haven Columbia Pike is situated in one of the nation’s most expensive housing markets, making this preservation effort especially critical.
“The Impact Pool’s reach has exceeded our expectations, creating and safeguarding more than 3,100 units of affordable workforce housing for families and workers throughout the Washington area,” said AJ Jackson, president of LEO Impact Capital. “Scale matters when tackling housing challenges. Our strong partnerships and thoughtful investment approach are unlocking access to opportunity for residents, communities, and investors.”
