West Sacramento, California — NorthStar Asset Management invested $495,000 in Rural Community Assistance Corporation (RCAC). NorthStar, a fixed income manager, works with its clients to construct portfolios that integrate their commitment to social change with their financial goals. This investment supports RCAC’s Loan Fund, which provides affordable capital for community development projects and small businesses in Indigenous communities and rural communities that may otherwise lack access to capital.

RCAC Chief Executive Officer Suzanne Anarde praised the news saying, “Investments like the one from NorthStar Asset Management are the lifeblood of RCAC’s Loan Fund, which has provided vital financial resources to underserved communities for more than 30 years.”

About RCAC

Founded in 1978, RCAC provides training, technical and financial resources and advocacy so rural communities can achieve their goals and visions. RCAC serves rural communities in 13 western states and western Pacific islands. Services are available to communities with populations of fewer than 50,000, other nonprofit groups, Tribal organizations, farmworkers, colonias and other specific populations. RCAC staff provides direct services in program areas including affordable housing, environmental services, economic development and lending. About RCAC

Media contact:
Julia Helmreich, Director
Communications, Development & Events
(916) 447-9832 ext. 1004
jhelmreich@rcac.org