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Based on “Wastewater”.

Rural Community Assistance Corporation’s Loan Fund celebrates 30 years of lending

July 25, 2018 marks Rural Community Assistance Corporation (RCAC) Loan Fund’s 30th anniversary. RCAC created the Loan Fund in 1988 with an initial $1 million investment from the Ford Foundation. An additional $1 million loan (later converted to a grant) from Bank of America boosted lending capital. The Loan Fund was later certified as a Community Development Financial Institution (CDFI).

RCAC Loan Fund lends nearly $20 million to rural communities

West Sacramento, Calif. — In the quarter ending Dec. 31, 2017, Rural Community Assistance Corporation (RCAC) closed 25 loans totaling more than $19 million to assist rural communities in Arizona, California, Colorado, New Mexico, Oregon, Utah, Washington and Wyoming. The loans will support a wide range of community development projects. For example, one loan will support a new mechanical wastewater treatment plant in Colorado; and another will support a rural Utah school’s expansion.