Browsing Category Archives

Based on “Press Release”.

RCAC Loan Fund lends more than $8 million to rural communities to close out record year

West Sacramento, Calif. — In the quarter ending Sept. 30, 2018, Rural Community Assistance Corporation (RCAC) closed 21 loans totaling more than $8 million to support rural communities in Arizona, California, Colorado, Hawaii, Idaho, Montana, Nevada, New Mexico and Utah. Included is a loan for a small rural community in northern California, which will be used to construct a bolted steel water tank.

RCAC receives $1 million USDA Rural Development loan to help rural communities

West Sacramento, Calif. — Rural Community Assistance Corporation (RCAC)’s Loan Fund received a $1 million 30-year low-interest loan from the U.S. Department of Agriculture Rural Development. This loan, made through the department’s Intermediary Relending Program (IRP), will ensure that RCAC helps small high-need communities address their essential infrastructure needs.