Investing in projects that deliver a positive social impact, SP Investment Fund and its affiliates focus on real estate and emerging technology investments. SP Investment Fund partners with various entities to provide affordable housing to low and very low income families and has so far invested in over 100 housing projects. Among its partners is Riverside Charitable Corporation.
Riverside Charitable Corporation (RCC) is a nonprofit dedicated to providing people who cannot afford life’s basic needs with secure and service-backed affordable housing. It has also help thousands of qualified families buy their own homes. RCC provides community-centered educational and professional social services to the elderly, families, and children.
As of 2016, the nonprofit has created over 90 communities, and has 11,366 families residing in RCC homes, with 5,872 of these families below area median income, and 1,701 of these families also living below the poverty line. Free to its residents, RCC’s professional supportive-services programs are self-sustaining and self-funded by each community and serve more than 10,000 families.
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