b'2008CEO changesIn January, RCACs founding Chief Executive Officer Bill French retired after leading the orga-nization for 30 years of stellar vision and steady leadership. Stan Keasling joined RCAC as just its second CEO to advance RCACs mission and strategic objectives. 2008In 2008, the national housing crisis and recession hit RCAC hard, and theHousingeffects reverberated for some years afterward. Following federal budget reductions in 2011, RCAC implemented numerous cost-saving measures to help it endure the financial uncertainty. RCACs Loan Fund workedcrisis andwith loan recipients and rural communities to modify and expand loans, helping them ride out the storm. By May 2012, RCAC was weathering the recession and on its way back to financial sustainability.recessionDuring this period, RCAC staff participated in the National Foreclosure Mitigation Counseling and the Keep Your Home California programs and eventually RCAC became a HUD training partner. Since 2004, RCACs hits hardhousing counseling sub-grantees have helped more than 110,000 clients. RCAC 2019 Annual Report|7'