In this issue:

RCAC Loan Fund closes 36 loans in seven western states

During its fiscal year 2023 first quarter, Rural Community Assistance Corporation (RCAC) closed 36 loans, which totaled $7,499,147, in Arizona, California, Colorado, Montana, New Mexico, Utah and Washington. These loans supported 923 individual water and wastewater connections for rural citizens; 386 housing units; and created or retained 326 jobs. Read more

Featured case study: Blue River, Oregon

Blue River is an unincorporated community of about 850 residents in the McKenzie River Valley of Lane County, Oregon. From September to October 2020, the Holiday Farm Fire devastated the town and other riverside communities in the valley. The community-run Blue River Water District (BRWD), which had been operating since 1967, provided water supplied by a single well to about 105 active connections serving approximately 233 people. Read more

Training highlights

For questions about event registration, please email RCAC Events at registration@rcac.org or call (916) 447-9832 ext. 1429.

CalTAP Fair (California)
March 16, 2023 | 8:00 AM – 4:00 PM Pacific Time | Embassy Suites Hilton, Valencia, California

Join us & learn about the California Technical Assistance Providers (CalTAP) programs, funded by California State Water Resources Control Board. These programs provide onsite technical assistance & free workshops, as well as many other resources, for water professionals throughout California…. Read more and register here

USDA 502 Direct Loan Application Packaging Training (Multi-State)
March 27-31, 2023 | 10:00 AM – 2:00 PM Pacific Time | Online

This is an advanced course that covers USDA Rural Development’s Section 502 Direct Loan Program & provides critical information on utilization of this homeownership financing resource that can be used to assist potential borrowers. The course will be offered over five days and presented virtually…. Read more and register here

Affordable Housing Loan Program

RCAC financing helps developers build single and multifamily affordable housing units for low-income families. RCAC’s housing loans allow for short-term acquisition, pre-development, site development and construction of single and multifamily affordable housing. If you are interested, please download our program flyer and learn more about loan application requirements.

RCAC is a certified Community Development Financial Institution (CDFI).

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!