In the quarter ending June 30, 2017, Rural Community Assistance Corporation (RCAC) closed 14 loans totaling nearly $8 million to assist rural communities in Arizona, California, Colorado, Hawaii, Idaho, Montana, Nevada, Oregon and Washington. Among those that received loans were a nonprofit organization that supports Arizona migrant workers and a rural Nevada food hub.
West Sacramento, Calif. — The PNM Fund, a division of the PNM Resources Foundation has awarded a $10,000 grant to Rural Community Assistance Corporation (RCAC). The New Century of Service Centennial Grant award will support RCAC’s Building Rural Economies (BRE)/Entrepreneurial Leadership Program in New Mexico’s Cochiti Pueblo.
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.
In the quarter ending September 30, 2015, Rural Community Assistance Corporation (RCAC) closed 24 loans totaling more than $5.8 million to assist rural communities in California, Oregon, Utah and Washington with housing, water infrastructure and community development projects.