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).
Local regulatory costs and delays at times amount to nearly 50 percent of the cost to build a single-family home.
California WaterFix, the massive water project that will construct two tunnels to deliver Sacramento River water from northern California to the southern half of the state got an $11 billion investment from water regulators in Los Angeles.
California voters will decide later this year on two significant housing measures that would help the state’s growing homeless population. One of those is a $2 billion bond measure, which hit a snag in 2016 after some lawmakers argued that the money was initially earmarked for mental health services; not housing.
Charities and other funding organizations that help rural communities can often rely on the people who live there to let them know what’s needed in terms of infrastructure and rural development, according to recent reporting in The Daily Yonder.