RCAC receives $50,000 grant to promote small business development for mobile home owners

West Sacramento, Calif. – Rural Community Assistance Corporation (RCAC) received a $50,000 grant this week from Pacific Western Bank (PWB) . . .

RCAC Loan Fund lends nearly $2 million to rural communities

In the quarter ending Sept. 30, 2016, Rural Community Assistance Corporation (RCAC) closed 13 loans totaling nearly $2 million to assist rural communities in Alaska, California, Colorado, New Mexico and Washington.

RCAC awarded $30 million from USDA Community Facilities Relending Program

RCAC was awarded $30 million from the U.S. Department of Agriculture (USDA) Community Facilities Relending Program, part of an innovative new public/private partnership, Uplift America, created to provide targeted financial assistance to areas of greatest need.

RCAC receives $25,000 Ally Bank grant to fund low-income rural Utah residents’ capacity development

RCAC received a $25,000 grant this week from Ally Bank. The funds will be used to support capacity building development for low-income rural Utah residents and Tribal members.

RCAC awarded $1.5 million from U.S. Treasury CDFI Fund to invest in rural communities

RCAC was awarded $1.5 million this week from the United States Treasury’s Community Development Financial Institutions (CDFI) Fund. RCAC’s Loan Fund will deploy the funds across its rural footprint to finance high-impact environmental, community facilities and self-help housing projects and provide loans to small businesses that create jobs.