Browsing Category Archives

Based on “New Mexico”.

RCAC Loan Fund lends nearly $8 million to rural communities

West Sacramento, Calif. — In the quarter ending Dec. 31, 2018, Rural Community Assistance Corporation (RCAC) closed 22 loans totaling nearly $8 million to support rural communities in Alaska, California, Idaho, New Mexico and Washington.

Drought in American Southwest worsens

Most of Arizona, Colorado and New Mexico are experiencing severe drought, and meteorologists are expecting conditions to worsen, according to the National Drought Mitigation Center.

W.K. Kellogg Foundation funding helps increase Native Community Development Financial Institutions’ capacity to work with Native American communities

West Sacramento, Calif. – The W.K. Kellogg Foundation recently made a $1 million Program Related Investment (PRI) and a $1 million companion grant to Rural Community Assistance Corporation (RCAC) in support of the Rainmakers Investment Collaborative (Collaborative). The Collaborative was established to increase impact investing in and improve access to capital by Native community development efforts in Arizona and New Mexico.