West Sacramento, Calif. — Bank of America awarded Rural Community Assistance Corporation (RCAC) a $65,000 grant, which will help RCAC meet the growing demand for its services in the rural West. RCAC builds the capacity of other nonprofit organizations that serve the rural West; protects rural communities’ health and environment; promotes affordable housing and community facilities; and provides financing for rural projects throughout its region.
The grant will help RCAC achieve its strategic plan goals which include forming regional collaborations to help rural communities achieve economies of scale; ensuring communities, particularly schools, have access to and increase consumption of safe drinking water; diversifying local nonprofit services to increase housing opportunities in rural communities; and enhancing the skills of organizations that provide infrastructure, housing and other essential services Native and rural communities.
“We’re pleased to continue our long-standing partnership with Bank of America. The bank’s support is critical to our work to create vibrant, healthy and enduring rural communities,” said Stanley Keasling, RCAC Chief Executive Officer.
“Bank of America works to make financial lives better through lending, investing and grants to high impact nonprofits like RCAC that help remove barriers to economic mobility for communities by providing quality affordable housing and capacity building in rural and Native American communities ” said Stephen Fitzgerald, Bank of America ESG Program Director. “We have found that nationwide and regional efforts to help strengthen communities through funding financial tools, strategies and expertise are increasing the impact of neighborhood revitalization.”
Founded in 1978, RCAC provides training, technical and financial resources and advocacy so rural communities can achieve their goals and visions. RCAC serves rural communities in 13 western states and the Pacific islands. RCAC provides a broad range of community and economic development services and lending to support local efforts. To find out more about RCAC visit www.rcac.org.
Contact: Julia Helmreich, Director
Communications, Development & Events
(916) 447-9832 ext. 1008