SDS Capital Group has launched SDS Impact Debt (SDSID). This new capital platform provides below-market permanent and construction financing for the preservation and development of affordable housing throughout the United States.
SDSID is expected to finance more than $1 billion of new housing units during the next 18 months. SDSID is currently focused on closing six financings for 1,427 units of multifamily housing, 54 percent affordable to families at 80 percent of area median income or less (AMI).
Under Jason Riffe’s direction, managing director of SDSID, this new product line will complement SDS’s current $1.7 billion of assets under management through its five impact funds and its other third-party investment support services. To date, SDS has invested in more than 8,000 housing units across the United States — 72 percent of them affordable to families making less than 80 percent of AMI or are permanent supportive housing units for the unhoused.
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