In this issue:
RCAC celebrates safe drinking water program accomplishments
Rural Community Assistance Corporation’s (RCAC) Agua4All program staff recently celebrated a major milestone: the first school project under the California State Water Resource Control Board’s Drinking Water for Schools (DWFS) grant. RCAC provided technical assistance to the Round Valley Unified School District in Covelo, California. The DWFS grant is itself a product of RCAC and partners’ advocacy work. Read about RCAC’s first school project completed under the Drinking Water for Schools grant >>
U.S. Department of the Treasury awards $3.75 million to support RCAC’s affordable housing efforts
West Sacramento, Calif. —The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) awarded Rural Community Assistance Corporation (RCAC) $3.75 million through its Capital Magnet Fund (CMF). RCAC is among 38 organizations that received a CMF award. Read full press release >>
RCAC’s Loan Fund lends more than $21 million to rural communities
West Sacramento, Calif. — In the quarter ending Dec 30, 2019, Rural Community Assistance Corporation (RCAC) closed 16 loans totaling $21.4 million to support rural communities in Arizona, California, Colorado, Hawaii, Idaho, Nevada, New Mexico, Oregon, Utah, Washington and Wyoming. Read how RCAC’s loans create opportunities in rural communities >>
Call for nominations!
RCAC seeks nominations for the Yoneo Ono Rural Volunteer Award. The award honors rural people who have made significant lifelong contributions to their community in volunteer capacities. RCAC’s Board of Directors presents the award to the honoree during a reception held in their community, and a cash award is donated to a local charitable organization of the honoree’s choice. Nominate a rural volunteer today!
Looking for a new and exciting career path?
Join our passionate team and make a difference in rural communities throughout the West! We work in diverse and low-income communities to increase access to affordable housing and safe drinking water, promote economic opportunity and job creation, and provide financing for community and economic development projects. Apply today!
Celebrating 30+ years of lending
RCAC provides financing for affordable housing, environmental infrastructure, community facilities or small businesses. Our rates are competitive, our staff is easy to work with and they provide quick turnaround on applications. Give us a call to discuss your project in detail and download our programs and rates at-a-glance flyer. RCAC is a certified Community Development Financial Institution (CDFI), with an Aeris rating of 4 Stars AA plus Policy Plus. Learn more about RCAC’s lending products>>
Conference and Workshop Highlights
March 5 | 8:30 AM – 4:00 PM
Hilton Garden Inn Carlsbad Beach
6450 Carlsbad Blvd
Carlsbad, California 92011
Join us and learn about the California Technical Assistance Providers (CalTAP) programs, funded by the California State Water Resources Control Board. These programs provide onsite technical assistance, free workshops, and many other resources for water professionals throughout California. The morning will offer presentations from CalTAP providers and a regulations update. In the afternoon there will be breakout sessions such as Distribution Math and Staying Afloat Without Raising Rates.
Tribal Housing Excellence Development Essentials
March 17 | 8:30 AM – 4:30 PM
13200 E 14th
THE Development Essentials course is for Tribes and Native communities that are NAHASDA recipients. The course will provide participants with the housing development process essentials. In an interactive classroom setting, participants will learn: the various partners involved in the development process, how to determine a project’s financial feasibility, considerations in housing project underwriting, benefits of leveraging IHBG with a range of available resources from Title VI to Low Income Housing Tax Credits and how to apply these development principles to a case study and their own housing projects.
Network News, published monthly, is a compilation of timely news, announcements and accomplishments produced for the rural development world at no cost to subscribers. We encourage correspondence and welcome contributions. Subscribe here
Chief Executive Officer: Suzanne Anarde
Executive Editor: Dawn Van Dyke
Managing Editor: Sharon Wills
Network News is funded by: RCAC’s Loan Fund and U.S. Department of Health and Human Services
RCAC is the western RCAP partner.