West Sacramento, Calif. — Rural Community Assistance Corporation is pleased to announce this week that it has received a $250,000 Ewing Marion Kauffman Foundation Rebuilding Better Grant. RCAC will use the funds to launch a pilot advocacy program with Native American entrepreneurs in New Mexico.
Earlier this year, the impacts of increased building material costs became very apparent for our Mutual Self-Help (MSH) families and their sponsors on the ground. I wanted to share some of the data that Dick Kempke at RCAC, along with other MSH intermediaries, put together.
In April 2020, with the rise of a global pandemic, many self-help agencies found themselves forced to close their doors and stop construction. The Section 523 grant funds helped pay staff in the interim but like many organizations nationwide, self-help organizations scrambled to determine how to cover costs as their build time stretched further into the future than they had anticipated.
Excited to release a new study looking at the efforts of rural #CDFIs: @CDCBcdcb @CommunitiesU @Faheonline @Hope_Enterprise @Oweesta @RCACorg @PfRTorg @SuzanneAnarde @HopeCUbill @MsChrystelC @fahejim Nick Mitchell-Bennett @InesPolonius @CorianneScally
@AriNeumann Thank you @AriNeumann and @RCACorg for your leadership, collaboration and work with the community to ensure this success. So honored to have met Jerry Tinoco from your team. Lots more work ahead!