SDS Capital Group has started a new fund to finance more than $1 billion in new affordable housing units.
Under SDS Impact Debt, the company plans to provide construction loans and below-market permanent loans to develop or preserve the units over the next 18 months.
The developer did not specify any exact regions it would target. It has $1.7 billion worth of assets under management and has invested in over 8,000 affordable housing units in the country. Of that, nearly three-quarters has been set aside for families making 80 percent of the area median income or for those who are homeless.
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