Most of Arizona, Colorado and New Mexico are experiencing severe drought, and meteorologists are expecting conditions to worsen, according to the National Drought Mitigation Center.
West Sacramento, Calif. – The W.K. Kellogg Foundation recently made a $1 million Program Related Investment (PRI) and a $1 million companion grant to Rural Community Assistance Corporation (RCAC) in support of the Rainmakers Investment Collaborative (Collaborative). The Collaborative was established to increase impact investing in and improve access to capital by Native community development efforts in Arizona and New Mexico.
West Sacramento, Calif. — In the quarter ending Sept. 30, 2017, Rural Community Assistance Corporation (RCAC) closed 30 loans totaling more than $10 million to assist rural communities in Arizona, California, New Mexico and Washington. One loan will support a community health nonprofit organization in central California. Another loan will support a Washington tenant organization’s manufactured housing community acquisition.
A long battle over water rights in the Pojoaque River Basin in New Mexico, to the north of Santa Fe, has finally culminated in a settlement that awards high-priority rights to four local pueblos.
The city of Española, New Mexico will receive a $649,000 grant to replace old infrastructure and improve the city’s water system.