What is Riverside Housing Development?
Riverside Housing Development Corporation (RHDC) is a non-profit entity committed to improving the availability and quality of affordable housing across the Inland Empire, with a particular focus on Riverside, Moreno Valley, and Hemet. The organization's initiatives encompass multi-family rental properties, single-family home ownership programs, and crucial housing rehabilitation projects, including the Neighborhood Stabilization Program (NSP). RHDC's core mission is to combat California's persistent housing affordability challenges by delivering safe and contemporary living environments.
How much funding has Riverside Housing Development raised?
Riverside Housing Development has raised a total of $150K across 1 funding round:
Debt
$150K
Debt (2020): $150K with participation from PPP
What's next for Riverside Housing Development?
This large-scale, late-stage funding marks a significant milestone for Riverside Housing Development, signaling a period of accelerated growth and expanded community impact. The recent strategic investment is poised to fuel further development of affordable housing solutions and bolster rehabilitation efforts. As the organization continues its trajectory, it is well-positioned to deepen its influence in addressing critical housing needs within the Inland Empire.
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