West Sacramento, California — The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) awarded Rural Community Assistance Corporation (RCAC) $2.9 million through its Capital Magnet Fund (CMF).
In Bristol Bay, Alaska, local fishermen battle uncertainty even in the best of times. The Bristol Bay community is considered a watershed: a region that channels rainfall and snowmelt to creeks, streams, rivers and eventually to outflow points such as Bristol Bay itself.
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Even during the best of times, Hawaii Community Assets (HCA) faces an uphill battle to provide housing counseling for its service area. Jeff Gilbreath, HCA’s director of lending and development, said the cost of living in Hawaii is consistently among the highest in the world, making economic mobility for would-be homeowners seem out of reach.
Rural Community Assistance Corporation’s long running “workshop-in-a-box” (WIAB) has recently been a source of unexpected opportunities in rural Utah. Funded by U.S. Department of Agriculture Rural Development (USDA), RCAC created the workshops in 2012 in partnership with USDA and U.S. Environmental Protection Agency.