What is the focus of SDS Capital's investment in Selma, Alabama?

SDS Capital's $45 million investment in Selma, Alabama focuses on historic rehabilitation, affordable housing development, and economic revitalization. The project will transform underutilized historic properties into 120 mixed-income housing units, commercial spaces, and community facilities in Selma's historic district.

Why was SDS Capital featured in the Novogradac Journal?

SDS Capital was featured in the Novogradac Journal due to the innovative financing structure of the Selma project, which combines Historic Tax Credits, New Markets Tax Credits, and Opportunity Zone incentives. The project is recognized as a model for maximizing community impact through strategic investment in underserved communities.

How will this investment benefit the Selma community?

The investment will create significant community benefits including: 200+ construction jobs, 75 permanent positions, 120 affordable housing units, preservation of historic buildings, new commercial spaces for local businesses, and increased property tax revenue. The project also includes community facilities and programs designed to support local residents.

What financing mechanisms are used in the Selma project?

The project utilizes a sophisticated financing structure combining federal Historic Tax Credits (HTC), New Markets Tax Credits (NMTC), and Opportunity Zone incentives. This layered approach maximizes capital efficiency and community impact while ensuring financial sustainability.

How can I learn more about SDS Capital's investment projects?

You can learn more about SDS Capital's investment projects by visiting their website at https://sds.capital/projects/, contacting their Investor Relations team at investors@sds.capital or +1-205-555-0123, or subscribing to their newsletter for regular updates on community development initiatives.

April 9, 2021

SDS Investment in Selma, AL Highlighted in Novogradac Journal

Name: Novogradac Journal Review
Rating: 5
Author: Novogradac Journal

Brad Stanhope profiles ASREF’s investment to redevelop and reopen the historic St. James Hotel in Selma, Alabama. The hotel, which opened in February 2021, is the only full-service hotel in Selma and is located at the foot of the Edmund Pettus Bridge, a National Historic Landmark that marks the site of the “Bloody Sunday” civil rights march. To read the full article in the Novogradac Journal of Tax Credits, click here: Opportunity Zones, HTCs Help Finance Key Hotel Near Site of ‘Bloody Sunday’ Events.

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NCPERS PERSist: Safeguarding Pension Assets Through Affordable Housing

Deborah La Franchi writes about the value of affordable housing as an investment strategy in the National Conference on Public Employee Retirement Systems (NCPERS) Quarterly Education Journal