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Based on “Press Release”.

New NLIHC Report on Affordable Housing Gap Released

Nearly one-quarter of all renters in the United States have income at or below 30% of the area median income, and three-quarters of these extremely low income renters are forced to spend more than half of their income on the cost of rent and utilities due to the ongoing shortage of affordable housing.

CCRH Releases Report on Age Friendly Banking

A new study of low-income tenants living in subsidized senior rental housing across 25 different U.S. cities – conducted by California Coalition for Rural Housing (CCRH) and National Community Reinvestment Coalition (NCRC), funded by Citi and published by the Federal Reserve Bank of San Francisco – found that older adults need more help avoiding financial abuse and fraud.

RCAC Loan Fund lends more than $5.5 million to rural communities

West Sacramento, Calif. — In the quarter ending December 31, 2014, Rural Community Assistance Corporation (RCAC) closed 20 loans totaling more than $5.5 million to assist rural communities in Alaska, Arizona, California, Idaho, Nevada, New Mexico, and Washington for community development projects.