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Washington DC  + DC  + Apartments  | 
Lument Closes $23.5M Loan for LA Affordable Project Refi

JBG SMITH to Preserve Alexandria Affordable Workforce Housing  

JBG SMITH plans to preserve the affordability of 500 units of affordable workforce housing in Alexandria, Virginia, in conjunction with the development of a new Sports and Entertainment District. Pending legislative approval, JBG SMITH plans to partner with the City of Alexandria to identify and preserve the affordability of 500 or more affordable workforce housing units, prioritizing the Arlandria-Chirilagua neighborhood.  

The commitment aligns with Alexandria’s goal to create 2,250 committed affordable workforce housing units by 2030. This initiative is part of JBG SMITH’s Impact Pool, focusing on preventing displacement and securing affordable housing options for everyday workers. 

“JBG SMITH’s history and proven track record of working with Alexandria to create committed affordable workforce housing, combined with the transformative catalyst of the new Sports and Entertainment District, provide a tremendous opportunity to strengthen the vibrancy and inclusiveness that make Alexandria exceptional,” said AJ Jackson, EVP of Social Impact Investing at JBG SMITH. 

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About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.

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