In this issue:
Touching the country’s heart—502 Direct Loan Program lends more than $116 million since 2012
Rural Community Assistance Corporation (RCAC) embarked on its journey in 2012 to help homebuyers access affordable mortgages through the U.S. Department of Agriculture Rural Development (USDA RD) 502 Direct Loan Program. After nearly a decade RCAC built a powerhouse partnership network across the rural West and beyond. Read more
Featured case study: Jerome, Yavapai County, Arizona
Jerome had not updated its vulnerability assessment and emergency response plan nor had it completed a security inspection. This put the town’s U.S. Department of Agriculture funding at risk. Rural Development asked RCAC to perform inspections and work with the town to complete the VA/ERP. 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!
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).
Training highlights
Successful Funding Application Basics for Oregon
July 20 | 10:00 am – 12:00 pm
Location: ONLINE
Attendees will learn how to develop successful funding strategies and applications for water and wastewater system improvements in Oregon. The training will include:
- DUNS and SAM registration process and materials to help attain these codes in the future
- What makes projects “attractive” to funders through reserve contributions and regular rate adjustments to meet future savings goals
- One Stop process in Oregon and resources to prepare them for the process
Asset Management for Mutual Water Companies in California
July 21 | 10:00 am – 12:00 pm
Location: ONLINE
Attendees will learn how to plan to develop an asset management plan to replace water system critical assets before they fail. The training will include:
- AB54 requirements for financial reserve funds
- What is an asset management plan
- Resources for planning and developing a plan
- How a CIP ties into other important documents, policies and budgets
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.
