West Sacramento, Calif. — MUFG Union Bank Foundation awarded Rural Community Assistance Corporation (RCAC) a $25,000 grant, which will be used to support RCAC’s ongoing work with rural communities during the COVID-19 crisis.
Funds will support lending, including a newly created Re-Emerging Loan Fund (RELF) that will provide resources for small businesses as they re-enter their marketplaces post COVID-19.
“MUFG Union Bank Foundation’s support ensures our rural and tribal communities will receive the support and resources they need during the COVID-19 recovery process,” said Suzanne Anarde, RCAC chief executive officer. “This type of support is invaluable and allows us to leverage additional resources.”
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.