Browsing Category Archives

Based on “RCAC Loan Fund”.

RCAC Loan Fund lends nearly $8 million to rural communities

In the quarter ending June 30, 2017, Rural Community Assistance Corporation (RCAC) closed 14 loans totaling nearly $8 million to assist rural communities in Arizona, California, Colorado, Hawaii, Idaho, Montana, Nevada, Oregon and Washington. Among those that received loans were a nonprofit organization that supports Arizona migrant workers and a rural Nevada food hub.

PNM Resources Foundation awards grant to RCAC

West Sacramento, Calif. — The PNM Fund, a division of the PNM Resources Foundation has awarded a $10,000 grant to Rural Community Assistance Corporation (RCAC). The New Century of Service Centennial Grant award will support RCAC’s Building Rural Economies (BRE)/Entrepreneurial Leadership Program in New Mexico’s Cochiti Pueblo.

RCAC Loan Fund reaches $100 million in lending capital

Rural Community Assistance Corporation’s (RCAC) Loan Fund reached a long-awaited milestone this week, announcing $100 million in lending capital. New investments including $5 million from Bank of America and a $10 million Charles Schwab line of credit brought the Loan Fund to its highest capital level since its creation in 1988.

RCAC Loan Fund lends more than $5.8 million to rural communities

In the quarter ending September 30, 2015, Rural Community Assistance Corporation (RCAC) closed 24 loans totaling more than $5.8 million to assist rural communities in California, Oregon, Utah and Washington with housing, water infrastructure and community development projects.