Over the last decade, the emerging field of sport-for-development (SFD) has advanced global efforts of related and applied scholarship and programming. While most of the existing SFD body of knowledge addresses social challenges of the "global south", today's economic global recession spreads challenges beyond these regions. Scholars and practitioners of this emerging field are called to address this gap with related and applied scholarship and programming in the "global north." Thus, the purpose of this preliminary study was to investigate the perceived impact of the U.S.-based Street Soccer USA Cup on its homeless participants and identify the event's structures and processes that can facilitate positive outcomes. Data collection consisted of conducting focus group interviews with 11 players and six coaches, and engaging in direct observations. Data were analyzed through the process of open, axial, and selective coding. Results indicated positive perceived impact on participants through building a sense of community, creating hope, cultivating an outward focus, fostering goal achievement, and enhancing personal development. The Cup was effective in achieving positive impact through creating a celebratory and festive space for social interaction, and by creating an inclusive climate where achievement was celebrated. Findings derived from this research provide intriguing foundations for further research and development of the SFD field.