RCAC was awarded $1.5 million this week from the United States Treasury’s Community Development Financial Institutions (CDFI) Fund. RCAC’s Loan Fund will deploy the funds across its rural footprint to finance high-impact environmental, community facilities and self-help housing projects and provide loans to small businesses that create jobs.
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RCAC receives $1.1 million HUD Community Compass funds to build rural communities’ capacity
RCAC was awarded more than $1.1 million this week from the United States Department of Housing and Urban Development’s (HUD) Community Compass program. RCAC will use the funds to provide technical support to HUD customers to navigate complex housing and community development challenges, and to equip them with the knowledge, skills, tools, capacity and systems to implement HUD programs.