In this issue:
Fires, disasters create new realities for water systems
Northern California, with its thousands of acres of forests and dozens of small towns tucked away, has become ground zero for wildfires year after year. Rough terrain and isolated communities present unique challenges for firefighting operations. The 2018 Camp Fire was the deadliest in California history, causing massive destruction in the town of Paradise. Read more about disaster readiness
Paycheck Protection Program (PPP)
The Paycheck Protection Program (“PPP”) has been extended to Aug. 8, 2020 with more than $100 billion remaining to assist small businesses. The loan amounts will be forgiven as long as: the loan proceeds are used to cover payroll costs, and most mortgage interest, rent, and utility costs over the elected cover-age period after the loan is made; and employee and compensation levels are maintained. Download PPP infographic and success story highlights.
Wells Fargo awards RCAC $20,000 to assist Northern California small businesses
West Sacramento, Calif. — Rural Community Assistance Corporation (RCAC) was awarded $20,000 for RCAC’s Re-emerging Loan Fund (RELieF) to assist existing Loan Fund borrowers to restart or enhance continued viability of their business or organization. Read more
Rural Impact – RCAC 2019 Annual Report
RCAC is pleased to announce the release of our 2019 Annual Report. This report highlights our 2019 accomplishments and work with rural communities, and welcomes our new CEO, Suzanne Anarde. Access report
Biomass Utilization Fund (BUF)
The Biomass Utilization Fund (BUF) was allocated $17 million in federal funds to help finance new or expanding businesses located or locating in Tuolumne County that are capable of using the available biomass from the surrounding forests and provide an alternative to pile burning of forest waste. California Department of Housing and Community Development (HCD) partnered with Sierra Nevada Conservancy (SNC) to lead the effort to establish a new Biomass Utilization Fund to encourage the use of forest biomass and increase community and forest resilience. HCD and SNC have entered into an agreement with RCAC to manage the Biomass Utilization Fund. Learn more about the fund and apply!
Webinar: What’s New in 502!
A lot has changed in Section 502 loan processing recently; with new procedural notices, special guidance and even that Final Rule. There’s been plenty to keep up on! We’ll cover the changes that have occurred during the past year so you can avoid common packaging errors and future delays. This session will help you improve the quality and completeness of your applications, providing your families with faster loan closings!
We are offering this webinar on two different days:
Thursday, August 6, 2020 | 1:00 pm – 3:00 pm Pacific | Register HERE
Wednesday, August 12, 2020 | 9:00 am – 11:00 am Pacific | 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.