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Based on “Press Release”.

RCAC receives $40,000 U.S. Bank grant

Rural Community Assistance Corporation received a $40,000 operating support grant from U.S. Bank. This funding supports RCAC’s work across multiple programs in rural California, including affordable housing and economic development services.

RCAC Loan Fund lends more than $5.8 million to rural communities

In the quarter ending September 30, 2015, Rural Community Assistance Corporation (RCAC) closed 24 loans totaling more than $5.8 million to assist rural communities in California, Oregon, Utah and Washington with housing, water infrastructure and community development projects.

John F. Mealey awarded RCAC’s 2015 Bill French Award

Valley Housing Coalition (CVHC) Executive Director, is the recipient of the 2015 Bill French Award. RCAC is recognizing Mealey’s more than 30 years of service in California’s Coachella Valley to bring affordable housing to thousands of low- and very low-income families. From a $10,000 seed money grant from the Aetna Foundation, Mealey directed CVHC’s growth to its current value of about $550 million.