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).
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Based on “Press Release”.
Ally Bank contributes $20,000 for community development in Eastern Coachella Valley
West Sacramento, Calif. —Ally Bank made a $20,000 charitable contribution to support Rural Community Assistance Corporation’s affordable housing lending. RCAC will seed a revolving fund to provide pre-development loans to construct or rehabilitate mobile home “Polanco” parks in Thermal, Oasis and Mecca, unincorporated communities in the Eastern Coachella Valley.
RCAC receives a $1.25 million HUD Rural Capacity Building grant to support affordable housing and economic development in rural and Indigenous communities in the West
West Sacramento, Calif. — Rural Community Assistance Corporation (RCAC) announced today that it received a $1.25 million grant from the U.S. Department of Housing and Urban Development through its Rural Capacity Building for Affordable Housing and Community Development grant (RCB).
Vickie Oldman is RCAC’s board president
West Sacramento, Calif. — Rural Community Assistance Corporation’s Board of Directors elected Vickie Oldman, of New Mexico, as Board President at its November meeting. Ms. Oldman joined the RCAC board in May 2010.
Philanthropist MacKenzie Scott invests $20 million in RCAC to leverage and advance RCAC’s work in Indigenous and rural communities across the rural West
West Sacramento, Calif. —Rural Community Assistance Corporation’s board and staff are honored to announce the receipt of a $20 million grant from philanthropist MacKenzie Scott. Ms. Scott announced the award Tuesday, December 15 on Medium.