West Sacramento, Calif. — Rural Community Assistance Corporation (RCAC) recently received an AAA+2 performance rating, which places it in a select group of high achieving Community Development Financial Institutions (CDFIs).
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RCAC Loan Fund lends more than $9.79 million to rural communities
West Sacramento, Calif. — In the quarter ending March 31, 2015, Rural Community Assistance Corporation (RCAC) closed 14 loans totaling more than $9.79 million to assist rural communities in California, Hawaii, Idaho and Washington for community development projects.
RCAC receives more than $187,000 for rural community development
West Sacramento, Calif. — Agriculture Secretary Vilsack announced that RCAC will receive $187,500 through the U.S. Department of Agriculture’s Rural Community Development Initiative Program (RCDI).
CalHFA Awarded $450,000 to Provide Counseling for Struggling Homeowners Provides assistance to California homeowners in danger of foreclosure
SACRAMENTO, The California Housing Finance Agency (CalHFA) today announced that it will receive more than $450,000 in additional federal dollars to provide free counseling to homeowners struggling to avoid foreclosure.
New NLIHC Report on Affordable Housing Gap Released
Nearly one-quarter of all renters in the United States have income at or below 30% of the area median income, and three-quarters of these extremely low income renters are forced to spend more than half of their income on the cost of rent and utilities due to the ongoing shortage of affordable housing.