Monument Entertainment District
Update
01/30/24
JBG SMITH To Preserve Affordable Workforce Housing In Alexandria
JBG SMITH has announced a commitment to preserve the affordability of at least 500 units of affordable workforce housing in Alexandria in conjunction with the development of a new Sports and Entertainment District. Upon approval of legislation by the Virginia Legislature enabling the arena development, JBG SMITH plans to partner with the City of Alexandria to proactively identify and preserve the affordability of 500 or more affordable workforce housing units within the City of Alexandria, prioritizing the Arlandria-Chirilagua neighborhood. These units, which will range in affordability from 40% of AMI upwards, are in addition to the new housing that is proposed as part of the Sports and Entertainment District at Potomac Yard and will further advance Alexandria’s goal to create 2,250 committed affordable workforce housing units by 2030.
