West Sacramento, Calif. — California Insurance Commissioner Ricardo Lara appointed Rural Community Assistance Corporation (RCAC) Chief Executive Officer Suzanne Anarde to the California Organized Investment Network (COIN) Advisory Board this week.
“I am pleased to join the COIN Advisory Board and grateful to Commissioner Lara for the appointment,” Anarde said. “It’s vital that rural communities be represented in COIN activities, and I am committed to bringing that vision to my work with the committee.”
COIN was created in 1996 to increase industry capital in California’s underserved, low- to moderate-income and rural communities. COIN works with Community Development Financial Institutions (CDFIs) like RCAC to obtain funding through insurance company direct investments and public bond offerings. The COIN Advisory Board provides guidance to the commissioner and COIN Program as it fulfills its mission.
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 collaboration with local and community partnerships in three program areas: affordable housing, environmental services, and lending. To learn more about RCAC, visit http://www.rcac.org
Julia Helmreich, director
Communications, Development & Events
(916) 447-9832 ext. 1008