While states, Tribes and oil companies have recently been given more discretion on drilling, the U.S. Environmental Protection Agency is struggling with how to protect the environment and human health from the industry’s wastewater.
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RCAC awarded $110,820 contract to assist with New Cuyama water and wastewater management
West Sacramento, Calif. — The Cuyama Community Services District awarded Rural Community Assistance Corporation more than $110,000 to help the district with efficient long-range management and operations for its water and wastewater treatment services.
Rural Community Assistance Corporation’s Loan Fund celebrates 30 years of lending
July 25, 2018 marks Rural Community Assistance Corporation (RCAC) Loan Fund’s 30th anniversary. RCAC created the Loan Fund in 1988 with an initial $1 million investment from the Ford Foundation. An additional $1 million loan (later converted to a grant) from Bank of America boosted lending capital. The Loan Fund was later certified as a Community Development Financial Institution (CDFI).
Low-interest rate loans and grants available to qualified Idaho septic owners
West Sacramento, Calif. — Rural Community Assistance Corporation’s (RCAC) Loan Fund launched the Idaho State Revolving Fund – Household Septic System Program to provide low-interest loans and grants to Idaho homeowners to refurbish or replace individual septic systems.
RCAC Loan Fund lends nearly $20 million to rural communities
West Sacramento, Calif. — In the quarter ending Dec. 31, 2017, Rural Community Assistance Corporation (RCAC) closed 25 loans totaling more than $19 million to assist rural communities in Arizona, California, Colorado, New Mexico, Oregon, Utah, Washington and Wyoming. The loans will support a wide range of community development projects. For example, one loan will support a new mechanical wastewater treatment plant in Colorado; and another will support a rural Utah school’s expansion.