West Sacramento, Calif. —Rural Community Assistance Corporation’s board and staff are honored to announce the receipt of a $20 million grant from philanthropist MacKenzie Scott. Ms. Scott announced the award Tuesday, December 15 on Medium.
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California Wellness Foundation awards $250,000 to support RCAC’s work with rural communities
West Sacramento, California — Rural Community Assistance Corporation received a $250,000 grant from the California Wellness Foundation. The three-year grant will be used to strengthen internal infrastructure to serve rural communities across the West.
Opportunity Finance Network awards $100,000 to RCAC for biomass utilization lending
West Sacramento, California — Rural Community Assistance Corporation received a $100,000 grant from the Opportunity Finance Network. RCAC’s Loan Fund will use the funds for lending to support renewable energy projects and innovative biomass utilization efforts.
RCAC Loan Fund lends more than $8 million to rural communities
West Sacramento, Calif. — During the quarter ending Sept. 30, 2020, RCAC closed 45 loans in 11 states, which totaled $8,347,009. These loans supported 3,201 individual water and wastewater connections for rural people; 61 housing units; 2,800 feet of community facility space; and created or retained 286 jobs.
Banner Bank grants RCAC $500,000 for COVID-19 relief to small businesses
West Sacramento, Calif. — Rural Community Assistance Corporation received a $500,000 grant from the Banner Bank Small Business Opportunity Fund.