U.S. Treasury CDFI fund grants $2.9 million to Rural Community Assistance Corporation

West Sacramento, California — The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) awarded Rural Community Assistance Corporation (RCAC) $2.9 million through its Capital Magnet Fund (CMF). Read more

RCAC Loan Fund lends more than $9.9 million to rural communities

West Sacramento, Calif. — In its Fiscal Year 2020, RCAC closed 25 loans which totaled $9,946,078 in six states. These loans supported 3,793 individual water and wastewater connections for rural citizens, 191 housing units; 14,734 feet of community facility space; and created or retained 557 jobs. Read more

Featured case study: Yerington, Nevada

In July and August, RCAC staff worked with U.S. Department of Agriculture, private lenders, and the city of Yerington to secure $32.8 million in loans and $1.4 million in grants to replace the city’s water and sewer distribution systems. Read more

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 here!

RCAC’s Individual Well Program free drinking water well assessments

RCAC offers private well owners free well assessments and water quality screening for nitrate in specific regions in California, Idaho, Nevada, New Mexico, Oregon and Washington. For details and applications go here

Paycheck Protection Program

The second round of the Paycheck Protection Program is now open. RCAC is accepting and processing loan applications to provide financing for small businesses to pay their employees during the COVID-19 crisis. RCAC’s lending is limited to small businesses in a rural area or community of 50,000 or less population or businesses that serve rural populations. The application period is open Jan. 11, 2021 to March 31, 2021. More details are available here

Training Highlights

The Building Blocks of Successful Construction Symposium Parts 1 and 2

Location: ONLINE

Part 1: Your Construction Toolkit
March 9 | 10:00 am to 12:00 pm (Pacific Time)

Part 2: SAFER Building Blocks
March 9 | 2:00 pm to 4:00 pm

It is recommended that you take both parts on the same day.

Necessary improvements to your water system may include a main line extension, hydrant replacement/installations, a new storage tank, an upgrade to the water source or other component replacement/extension. A successful project begins with team development, funding and planning. The team may include a board member, it will include management, operations, office staff, the state health department, funder(s), a competent engineer and contractors who have been thoroughly vetted.

In Part 1, the trainer and participants will share their experiences and discuss how to build your own construction toolkit.

Successful projects start with advanced planning, knowledge of what funding is available, and understanding the steps needed to complete the process.

In Part 2, join us as we explore California funding options and what you need to prepare in order to successfully advance your project to the finish line.

Register HERE

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.