In this issue:

From Struggle to Stability: Wells Fargo Teams Up with RCAC and VCCDC to Help Homeowners in Port Hueneme

Josefina Lopez felt cornered. As a mother of four in the expensive coastal city of Port Hueneme, California, the weight of the world seemed to rest on her shoulders as she worked tirelessly to provide for her family. When the COVID-19 pandemic struck and she fell behind on her mortgage payments, the financial pressure surged dramatically.

RCAC Interview: Charlene Fernandez, Arizona State Director for USDA Rural Development

In this issue, we spoke to Charlene Fernandez, Arizona State Director for USDA Rural Development. During our conversation, we discussed Fernandez’s background, including her experience in public service and her vision for ensuring that Arizona’s rural and Indigenous communities have the resources they need to thrive.

Training highlights

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

USDA Financial Reporting (Washington)
July 20, 2023 | 9:00 AM – 12:00 PM Pacific Time | Online

Are you wondering how to fulfill the financial reporting requirements for your USDA Rural Utilities Service (RUS) funding? This training is for board members, clerks, utility staff and managers. Much of this training is dedicated to the administration tasks that your utility as a borrower must carry out in submitting the required regular management reports to RUS, your lender. We will walk through the process of how to prepare the financial statements that will be needed, as well as how to transfer that information to complete the necessary forms to be submitted to the USDA.

Get the Lead Out: Lead & Copper Rule Revisions (California)
July 25, 2023 | 8:30 AM – 3:30 PM Pacific Time | West Sacramento, CA

After 30 years, the EPA has officially passed new regulations for the Lead and Copper Rule.  This training will guide drinking water operators through the new Lead and Copper site selection process, criteria and sampling plans so that water supplies maintain compliance for lead and copper under the Safe Drinking Water Act.

Intro to Quickbooks Desktop (California)
July 26, 2023 | 8:30 AM – 3:30 PM Pacific Time | West Sacramento, CA

Accurate, meaningful and comprehensible financial information is critical to the decision making and continuity of every utility. Many small utilities use QuickBooks to track and report their financial activity. In this class you will learn how to maximize the use of this software, from setting up your chart of accounts to entering your budget and transactions and producing your financial statements.

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.