West Sacramento, Calif. — Rural Community Assistance Corporation (RCAC) received a $78,000 grant from Capital One, which will support an entrepreneurial and economic development pilot program for Tribes in Montana.
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Low-interest rate loans and grants available to qualified Idaho septic owners
West Sacramento, Calif. — Rural Community Assistance Corporation’s (RCAC) Loan Fund launched the Idaho State Revolving Fund – Household Septic System Program to provide low-interest loans and grants to Idaho homeowners to refurbish or replace individual septic systems.
RCAC Loan Fund lends nearly $20 million to rural communities
West Sacramento, Calif. — In the quarter ending Dec. 31, 2017, Rural Community Assistance Corporation (RCAC) closed 25 loans totaling more than $19 million to assist rural communities in Arizona, California, Colorado, New Mexico, Oregon, Utah, Washington and Wyoming. The loans will support a wide range of community development projects. For example, one loan will support a new mechanical wastewater treatment plant in Colorado; and another will support a rural Utah school’s expansion.
RCAC Loan Fund approves $2.8 million loan to expand Portola Medical Clinic
West Sacramento, Calif. — Rural Community Assistance Corporation (RCAC) approved a $2.8 million loan to Eastern Plumas Health Care District (EPHCD) to expand the Portola Medical Clinic.
W.K. Kellogg Foundation funding helps increase Native Community Development Financial Institutions’ capacity to work with Native American communities
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.