Nearly a decade after the housing market crisis and collapse, home ownership still remains out of reach for many Americans. The demand for rentals has shot up, and unsurprisingly so have rents, creating an economic catch-22.
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RCAC Loan Fund lends more than $3 million to rural communities
In the quarter ending June 30, 2016, Rural Community Assistance Corporation (RCAC) closed 14 loans totaling more than $3 million to assist rural communities in California, Nevada, New Mexico and Montana with housing, water infrastructure and community development projects.
Rural Community Assistance Corporation receives Rural Housing Champion Award
RCAC recently received the Rural Housing Champion Award for its work in the U.S. Department of Agriculture Mutual Self-Help Housing Program.
Tribal Housing Excellence (THE Academy) application period now open
Rural Community Assistance Corporation (RCAC) and Native Capital Access (NCA) will accept applications for the Tribal Housing Excellence Academy (THE Academy) until September 1, 2016. An application webinar will be offered July 19 at 11:00 am PDT.
Governor’s Budget Falls Short of Addressing California’s Drinking Water Crisis
Today, Governor Jerry Brown released the May Revision to his proposed 2016-17 state budget, which included an increase of $5.5 million to address California’s safe drinking water crisis.