In this issue:

RCAC Loan Fund closes 18 loans in nine western states

West Sacramento, Calif. — In the quarter ending Dec. 31, 2021, Rural Community Assistance Corporation’s (RCAC) Loan Fund closed 18 loans, which totaled $5,702,249 in Alaska, California, Colorado, Idaho, Montana, New Mexico, Oregon, Utah and Washington. Read more

Homestead Hawaiians Purchase Apartments on Fee Property to Maintain Affordability

Lihue, Kauai, Hawaii — A Hawaiian homestead nonprofit governed by enrolled members of the Sovereign Council of Hawaiian Homestead Associations (SCHHA) has purchased a 6-unit apartment property in downtown Lihue, Kauai.  The purchase by the Homestead Community Development Corporation (HCDC) closed on January 14, 2022, marking a first in fee property ownership and rental housing management by the nonprofit. Read press release

The Power Of Innovation In Rural America

Innovation, by definition, is the introduction of something new. While it might seem like a multi-industry buzzword nowadays, innovation is essential. Society needs to progress and sustain itself – especially in rural America. Read more

Climate Catalyst Fund accepting proposals to jumpstart forest biomass projects

The state’s new climate-finance program expected to expand to support array of project categories—SACRAMENTO (January 31, 2022) — The California Infrastructure and Economic Development Bank (IBank), part of the Governor’s Office of Business and Economic Development, is now accepting project proposals for a new state program to combat climate change. Read more

Join our team

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!

Small Business Lending

RCAC provides financing for 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 business in detail and download our programs and rates at-a-glance flyer. RCAC is a certified Community Development Financial Institution (CDFI). About RCAC’s lending services

Training highlights

CalTAP Fair: Resilient Operations and Management

Event Date & Time
March 10 | 8:30 AM – 4:00 PM (Pacific Time)

Embassy Suites Temecula Valley
29345 Rancho California Road
Temecula, California 92591

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 and free workshops, as well as many other resources, for water professionals throughout California.

Note: The CALTap Fair: Resilient Operations and Management is broken out into 2 parts. You may register for either part or both. Part 2 is broken out into 3 tracks: Financial, Managerial and Technical. You may only register for one track.

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.