LEO Impact Capital, JBG SMITH’s workforce housing investment management platform, said the Impact Pool, an investment vehicle it manages, made a preferred equity investment in Haven Columbia Pike.
The income limits and maximum rents allowed for most Affordable Rental Units in the Arligton County area effective April 2025. The income and rent limits are based on median income statistics for the Washington-Arlington-Alexandria Metro Area issued annually by the Department of Housing and Urban Development (HUD).
LEO’s investment allows Insight to recapitalize the property, fund significant capital improvements and dedicate 118 units to workforce housing for families earning 60% or less of Area Median Income (AMI) – roughly $88,500 – in one of the country’s most expensive areas.
“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.”
LEO is an investment management platform dedicated to acquiring, financing and operating multifamily housing in high impact neighborhoods to preserve affordability for middle-income residents – such as teachers, healthcare workers, first-responders, administrative professionals, and other workers whose services are vital to thriving communities.
Our work is supported by the deep capacity and extensive real estate expertise of JBG SMITH, our NYSE-listed parent company, and guided by our dedicated team’s experience in this space.
JBG SMITH’s existing impact investment activities have been consolidated under LEO, including management of the Washington Housing Initiative Impact Pool (the Impact Pool).
