Riverside Housing Development Corporation

What Riverside Housing Development Corporation does

Riverside Housing Development Corporation (RHDC) is a nonprofit Community Housing Development Organization (CHDO) headquartered at 4250 Brockton Ave, Riverside, California, that develops, owns, and manages affordable rental housing for very low-, low-, and moderate-income households across the Inland Empire region of Southern California. Operating for more than 30 years in partnership with the City and County of Riverside, RHDC controls a portfolio of approximately 10 multi-family and single-family rental properties — including Autumn Ridge (79 units), Cypress Springs (101 units), Linden Square (102 units), Oaktree (51 units), Riverbrook (36 units), Sunridge (44 units), Orange Blossom (64 units), Desert Rose (77 units), Greystone, and the 2024 Cedar Project (3-unit ADU) — representing roughly 550+ affordable units in cities such as Riverside, Moreno Valley, Hemet, and Ripley/Blythe.

The organization's business model rests on three revenue streams: (i) recurring rental income from income-restricted units, (ii) government grants and below-market capital — primarily HOME Investment Partnerships and CDBG funds channeled through the City of Riverside and County of Riverside for acquisition and renovation — and (iii) historically, transaction-based revenue from the Neighborhood Stabilization Program (NSP), under which RHDC purchased, renovated, and resold single-family homes to first-time buyers in partnership with the Riverside County Economic Development Agency (RivCo EDA). The NSP program is currently suspended after program funds were exhausted; housing rehabilitation grants and loans are likewise paused. RHDC also manages properties it does not own (e.g., Desert Rose, owned by the Riverside County Housing and Workforce Solutions Department) and operates ancillary tenant services such as the Blindness Support Training Center at Cypress Springs.

Go-to-market is community-led: tenants are reached through the company website, aerial video tours, outreach events, and referral partnerships with social workers and local government programs; applications flow through property-level waiting lists and centralized registration via harivco.org for Project-Based Section 8 voucher holders. The underlying technology stack is minimal — a WordPress website plus standard phone-based leasing — with no proprietary software, no AI components, and no disclosed digital platform architecture. RHDC's competitive position is anchored in CHDO designation, multi-decade municipal relationships, and a fragmented but operationally stable affordable rental book rather than in technology or scale.

Name

Riverside Housing Development Corporation

Legal name

Riverside Housing Development Corporation

Website

https://rhdcca.org

Company type

Private

Founded year

1991

Operating status

Operating

Headcount range

11–50 employees

Short description

Riverside Housing Development Corporation (RHDC) is a nonprofit Community Housing Development Organization that owns, develops, and manages a portfolio of roughly 550+ affordable rental units for very low-, low-, and moderate-income households across Riverside County and the Inland Empire.

Ownership category

akta.pro rank

Headquarters

HQ city

Riverside

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Marketing or Sales, Others

Revenue model

1. Rental Income: RHDC generates revenue through rental income from its multi-family affordable housing properties throughout Riverside County. Units are rented at rates restricted to very low-, low-, and moderate-income tenants.
2. Neighborhood Stabilization Program (NSP) Home Sales: RHDC purchases, renovates, and resells single-family homes through the NSP program in partnership with RivCo EDA. Revenue is generated from home sales to qualified first-time homebuyers.
3. Government Funding and Grants: RHDC utilizes HOME and CDBG funding from government sources for property acquisition and renovation projects like the Cedar ADU conversion.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

RHDC is a nonprofit Community Housing Development Organization that owns, develops, and professionally manages a portfolio of income-restricted affordable rental apartment communities throughout Riverside County in California's Inland Empire. It also historically administered Housing Rehabilitation Programs and a Neighborhood Stabilization Program (NSP) for first-time homebuyers, in partnership with the City of Riverside, Riverside County, and RivCo EDA.

Product overview

Riverside Housing Development Corporation (RHDC) is a nonprofit Community Housing Development Organization (CHDO) that operates a portfolio of affordable rental housing properties and housing development programs throughout Riverside County and the Inland Empire. The company offers multiple distinct apartment complexes (Autumn Ridge, Cypress Springs, Desert Rose, Greystone, Linden Square, Oaktree, Orange Blossom, Riverbrook, Sunridge, and Cedar Project) totaling hundreds of affordable housing units restricted to very low-, low-, and moderate-income tenants. Additionally, RHDC administers Housing Rehabilitation Programs (currently suspended) and previously operated the Neighborhood Stabilization Program (NSP) for homeownership opportunities. The portfolio ranges from one-bedroom units to four-bedroom family apartments, with properties featuring amenities such as solar energy systems, childcare services, computer learning centers, swimming pools, and accessible features.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• Created 67 units of safe, modern affordable housing through Orange Blossom partnership with County of Riverside
• +2 more outcomes

Named customers2 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Nine partnerships are on record, tiered core and minor.

• County of RiversidecoreStrategic or Co-development PartnerLong-standing partnership with County of Riverside for affordable housing development. Partnered on Orange Blossom Apartments project to reclaim a once-distressed neighborhood near Hemet, creating 67 units of safe, modern affordable housing.
• City of RiversidecoreStrategic or Co-development PartnerRHDC has worked with the City of Riverside for over 30 years as a Community Housing Development Organization (CHDO). Utilized HOME and CDBG funding through the City for the Cedar Project ADU conversion. Multiple NSP program activities throughout the city.
• RivCo EDA (Riverside County Economic Development Agency)coreStrategic or Co-development PartnerRHDC is one of several developers working with RivCo EDA on the Neighborhood Stabilization Program. Developers rehabilitate and resell single-family homes through the NSP program. The EDA oversees program income limits and qualifications.
• Riverside County Housing AuthorityminorStrategic or Co-development PartnerProject-Based Section 8 vouchers are available through the Riverside County Housing Authority for residents of Desert Rose Apartments.
• Riverside County Housing and Workforce Solutions DepartmentminorStrategic or Co-development PartnerOwns the Desert Rose Apartments property; RHDC manages the property as part of the affordable housing portfolio.
• John Stewart CompanyminorImplementation/ SI/ Consulting PartnerCypress Springs Apartments is professionally managed by the John Stewart Company, a property management firm specializing in affordable housing.
• Blindness Support Services, Inc.minorStrategic or Co-development PartnerThe Blindness Support Training Center is operated by Blindness Support Services, Inc. on-site at Cypress Springs Apartments, providing services to residents.
• HCD (California Department of Housing and Community Development)minorStrategic or Co-development PartnerCalifornia state housing agency that provides analysis of California's housing affordability crisis and administers housing programs that RHDC aligns with.
• Social Workers and Outreach GroupsminorChannel Partner/ Reseller/ DistributorRHDC works with social workers and outreach groups to advertise affordable housing vacancies and reach low-income households throughout the community.

Scale indicators4 records

Recent moves7 records

Expansion highlights3 records

Direct peers

• BRIDGE Housing: California-based nonprofit developer and owner of affordable rental housing for low- and moderate-income families. Directly comparable to RHDC in operating model, end-user population, and reliance on public funding sources.
• Eden Housing: California-based nonprofit affordable housing developer and property manager with a portfolio of multi-family rental properties. Directly comparable to RHDC in geographic focus, resident income tiers, and CHDO-equivalent operating model.
• National CORE: California-headquartered nonprofit affordable housing developer managing thousands of affordable units across the West. Closely comparable to RHDC in community-based development approach and partnership-driven funding model.
• LINC Housing: Long-standing California nonprofit affordable housing developer producing both rental and homeownership product. Comparable to RHDC in operating Neighborhood Stabilization-style programs and serving a similar income tier.
• Mercy Housing: National nonprofit affordable housing developer and manager operating across multiple U.S. states. Comparable to RHDC in mission, multi-family rental focus, and use of LIHTC, HOME, and other federal housing programs.
• Abode Communities: California nonprofit affordable housing developer and property manager operating in Southern California. Directly comparable to RHDC in serving low-income households and partnering with municipal housing authorities.
• Jamboree Housing Corporation: California-based nonprofit affordable housing developer and property manager serving Southern California. Comparable to RHDC in geography, multi-family rental focus, and reliance on HOME/CDBG-style public funding.
• Century Housing Corporation: California nonprofit affordable and workforce housing developer and lender. Comparable to RHDC in mission, multi-family rental housing strategy, and use of public and private financing for affordable development.
• MidPen Housing: California nonprofit developer, owner, and manager of affordable rental housing. Highly comparable to RHDC in serving very low-, low-, and moderate-income tenants and relying on public/private financing partnerships.

Broad incumbents

• The Related Companies: Large national real estate firm with a significant affordable housing practice. Serves as a broader-incumbent peer to RHDC because it operates in the same affordable housing space but at a much larger scale and as part of a broader for-profit and mixed-income portfolio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Riverside Housing Development Corporation