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Based on “Alaska”.

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.

Climate change threatens a way of life in Shishmaref, Alaska

In Shismaref, Alaska, an Iñupiat village that is home to about 600 people, climate change poses more than a physical threat, it threatens the community’s culture. The village is located on Sarichef Island, about a quarter of a mile wide, near the Bering Strait. Sea ice around the island used to protect it from the ocean’s fierce waves. Permafrost created the town’s foundation. But warming temperatures mean the ice is forming later and later, and the permafrost is thawing.

Federal funds will help with Alaska village relocation

The federal spending bill signed on March 23 included $15 million to help relocate an Alaskan village that is threatened by rising water due to climate change. The Ninglick River is heading toward Newtok homes and structures at a rate of about 70 feet per year.