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Based on “Press Release”.

American Express grant supports RCAC Utah Capacity Building Collaborative

Rural Community Assistance Corporation (RCAC) received a $40,000 American Express grant this week to support the Utah Capacity Building Collaborative (UCBC), an innovative two-year initiative to provide capacity building, operational support and development training to four rural Utah housing agencies.

RCAC Loan Fund reaches $100 million in lending capital

Rural Community Assistance Corporation’s (RCAC) Loan Fund reached a long-awaited milestone this week, announcing $100 million in lending capital. New investments including $5 million from Bank of America and a $10 million Charles Schwab line of credit brought the Loan Fund to its highest capital level since its creation in 1988.