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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).

Two major housing measures before California voters in November

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.