Success Stories
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Wednesday, Sep 30, 2015
Don’t Fence Me In
Arbor Fence benefited well from an RCAC loan, is grateful for it, and looks ahead now to further business expansion . . .
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Friday, Sep 11, 2015
Quechan Tribally Designated Housing Entity
he Native Housing Assistance and Self-Determination Act (NAHASDA) of 1996 significantly changed HUD funding for tribes into a block grant program that allows them to structure their own approaches to developing housing for their members. Then as now, HUD funds are inadequate, but now HUD is also pushing Tribes to leverage their NAHASDA funds. In addition, tribes have historically faced unique challenges in building on trust land
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Thursday, Apr 30, 2015
Sierra Family Medical Clinic
RCAC loaned the clinic $500,000 to repay existing short-term debt, pay off capital equipment leases, credit card debt and reduce accounts payable. The loan allowed the clinic to bring all accounts current and spread the organization’s debt obligations over a longer term to reduce its monthly debt service burden and improve cash flow.
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Wednesday, Apr 01, 2015
Carrolls Water Association (CWA)
RCAC provided a $100,000 loan to Carrolls Water Association (CWA) to cover repair and improvement costs to its water system.
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Monday, Mar 30, 2015
Lower Columbia Community Action Program
As a result of foreclosures during the economic recession, many homes in rural communities in Washington, some of which are government-owned, sit empty. New construction in these areas has not bounced back, and is often not an affordable option for low-income residents.
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