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  • Antique shop - small business
    Paycheck Protection Program (PPP) update
    The Paycheck Protection Program (“PPP”) authorizes up to $659 billion in forgivable loans to small businesses to pay their employees during the COVID-19 crisis. All loan terms will be the same for everyone.
  • Network News graphic
    CDFIs are responding to borrowers in crisis
    Community Development Financial Institutions (CDFIs) like Rural Community Assistance Corporation are responding to borrowers in crisis in communities from coast to coast. Each of our organizations is fielding dozens of calls a day from borrowers struggling with how to survive lost revenue and canceled programming, how to keep people employed, and even whether to close their doors entirely.
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Publications

  • Network News April 2020

    With the nation’s attention largely fixed on how the COVID-19 pandemic affects urban areas, rural America is bracing for its own case wave. Many rural healthcare facilities’ perilous state was already a national story before the current health crisis onset. As COVID-19 began making its way into rural communities, real concerns took shape ....

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  • Self-Help Builder March 2020

    The first Mutual Self-Help Housing conference in more than five years was held in Albuquerque February 4 – 6 and it was a tremendous success; with more than 400 attendees, significant participation from our USDA partners as well as tremendous guest speakers.

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  • Network News March 2020

    Like many rural American towns, Gooding Idaho walks a fine line when managing its water and wastewater systems. Gooding’s systems have many of the same needs as a larger city, less the greater number of connections that help spread the costs.

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Recent News

  • Wednesday, May 27, 2020
    Posted in: Economic issues, Featured News, Louis Martin, Rural America

    USDA makes $1 billion in loan guarantees to help rural businesses

    U.S. Secretary of Agriculture Sonny Perdue announced on May 21 that the department is making $1 billion available in loan guarantees to help rural businesses. Perdue stated the aim is to help such businesses meet their working capital needs during the coronavirus pandemic.

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  • Posted in: Network News

    Network News May 2020

    On the Zuni Tribe Reservation in New Mexico, a construction project that was years in the making is near completion. A Zuni family will own and operate Major Market, a local marketplace. About 85 percent complete, the market will open in June “no matter what” according to the owner, Darrell Tsabetsaye.

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  • Thursday, May 21, 2020
    Posted in: Press Release

    RCAC Loan Fund lends more than $35 million to rural communities

    West Sacramento, Calif. — In the quarter ending March 31, 2020, Rural Community Assistance Corporation (RCAC) closed 16 loans which totaled $35,171,466 in six states. The loans supported two water and wastewater connections for rural citizens, 177 housing units, 39,254 feet of community facility space, and created or retained 411 jobs.

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