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In an effort to be a one-stop shop for affordable housing developers seeking financing solutions, Los Angeles-based impact fund manager SDS Capital Group has launched its SDS Impact Debt. The capital platform expects to finance more than $1 billion of new units over the next 18 months by providing below-market permanent and construction financing to preserve or develop affordable housing across the nation.

“SDS was founded on the mission of engaging the private sector in the battle against poverty, so the addition of SDS Impact Debt is ideally aligned,” Deborah La Franchi, founder and CEO of SDS Credit Group, told Multi-Housing News. “If we can be a one-stop shot in some geographies where we proved both products, we can eliminate the need to chance a range of funding programs—which cuts the time and expense of chancing a more complex capital stack.”