West Sacramento, Calif. — Wells Fargo Foundation granted $400,000 to Rural Community Assistance Corporation (RCAC) to fund tools and training, and to support housing counseling needed to assist renters and homeowners to stay in their homes.
West Sacramento, Calif. — Rural Community Assistance Corporation (RCAC) received a $3 million investment from the Olamina Fund to be used for Paycheck Protection Program (PPP) loan advances. RCAC will deploy the funds to support small businesses operating in California.
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.
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.
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 ....
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.
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.
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.
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.
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.
Millions Stuck At Home With No Plumbing, Kitchen Or Space To Stay Safe
“We assume this is happening in Third World places,” said Greg Carter, an assistant professor at Indiana University. “But it’s happening here.” @ruralhome #covid19 #persistentpoverty
An estimated 350,000 Californians were impacted by water shutoffs in 2019. In a pandemic, we must all have safe and clean water. We urge #caleg to protect water access during the #covid crisis https://bit.ly/3epkigT
Small water systems are likely to need more support than large systems during the COVID-19 recovery. RCAP CEO @nathanohle & @USWaterAlliance CEO @radhikafox discuss how to ensure that recovery continues to close the water access gap in the US: https://www.rcap.org/covid-response-water-infrastructure/