West Sacramento, Calif. — Rural Community Assistance Corporation (RCAC) recently received an AAA+2 performance rating, which places it in a select group of high achieving Community Development Financial Institutions (CDFIs).
West Sacramento, Calif. — In the quarter ending March 31, 2015, Rural Community Assistance Corporation (RCAC) closed 14 loans totaling more than $9.79 million to assist rural communities in California, Hawaii, Idaho and Washington for community development projects.
West Sacramento, Calif. — Agriculture Secretary Vilsack announced that RCAC will receive $187,500 through the U.S. Department of Agriculture’s Rural Community Development Initiative Program (RCDI).
SACRAMENTO, The California Housing Finance Agency (CalHFA) today announced that it will receive more than $450,000 in additional federal dollars to provide free counseling to homeowners struggling to avoid foreclosure.
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.