RCAC was awarded more than $1.1 million this week from the United States Department of Housing and Urban Development’s (HUD) Community Compass program. RCAC will use the funds to provide technical support to HUD customers to navigate complex housing and community development challenges, and to equip them with the knowledge, skills, tools, capacity and systems to implement HUD programs.
In the quarter ending June 30, 2016, Rural Community Assistance Corporation (RCAC) closed 14 loans totaling more than $3 million to assist rural communities in California, Nevada, New Mexico and Montana with housing, water infrastructure and community development projects.
Rural Community Assistance Corporation (RCAC) received a $40,000 American Express grant this week to support the Utah Capacity Building Collaborative (UCBC), an innovative two-year initiative to provide capacity building, operational support and development training to four rural Utah housing agencies.
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.
Rural Community Assistance Corporation (RCAC) received a $50,000 grant this week from the California Environmental Protection Agency (CalEPA) 2016 Environmental Justice Small Grants program to promote safe water consumption in Merced County communities.