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Based on “Lending”.

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).

COIN Program generates economic opportunity

The California Organized Investment Network CDFI Tax Credit Program (COIN), which generates economic opportunity in California’s low-income rural and urban communities, could end if it is not included in the 2017-18 state budget.