West Sacramento, Calif. — The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) awarded Rural Community Assistance Corporation (RCAC) $2.5 million through its Capital Magnet Fund (CMF). RCAC is among 25 CDFIs and 15 nonprofit housing organizations that received a CMF award.
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Based on “Press Release”.
Capital One supports RCAC’s efforts in rural economic development
West Sacramento, Calif. — Rural Community Assistance Corporation (RCAC) received a $78,000 grant from Capital One, which will support an entrepreneurial and economic development pilot program for Tribes in Montana.
Low-interest rate loans and grants available to qualified Idaho septic owners
West Sacramento, Calif. — Rural Community Assistance Corporation’s (RCAC) Loan Fund launched the Idaho State Revolving Fund – Household Septic System Program to provide low-interest loans and grants to Idaho homeowners to refurbish or replace individual septic systems.
RCAC Loan Fund lends nearly $20 million to rural communities
West Sacramento, Calif. — In the quarter ending Dec. 31, 2017, Rural Community Assistance Corporation (RCAC) closed 25 loans totaling more than $19 million to assist rural communities in Arizona, California, Colorado, New Mexico, Oregon, Utah, Washington and Wyoming. The loans will support a wide range of community development projects. For example, one loan will support a new mechanical wastewater treatment plant in Colorado; and another will support a rural Utah school’s expansion.
RCAC Loan Fund approves $2.8 million loan to expand Portola Medical Clinic
West Sacramento, Calif. — Rural Community Assistance Corporation (RCAC) approved a $2.8 million loan to Eastern Plumas Health Care District (EPHCD) to expand the Portola Medical Clinic.