Browsing Category Archives

Based on “Press Release”.

RCAC receives $1.1 million HUD Community Compass funds to build rural communities’ capacity

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.

RCAC Loan Fund lends more than $3 million to rural communities

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.

American Express grant supports RCAC Utah Capacity Building Collaborative

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.

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.