Success Stories
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Friday, Mar 11, 2016
Providing safe and affordable housing for seniors
RCAC provided a $3.4 million loan to complete a senior housing community.
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Adamsbuilt Fishing LLC – Small Business
RCAC extended a $150,000 line of credit to help the business serve its customers and retain jobs. RCAC’s loan ensured that Adamsbuilt stayed in business, provided service to its customers and retained three jobs.
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Monday, Mar 07, 2016
Tierra del Sol Housing Corporation
RCAC’s Loan Fund provided financing to develop eight lots for families participating in the U.S. Department of Agriculture (USDA) Mutual Self-Help Program.
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Watrous Mutual Domestic Water Consumers Association
RCAC helped Watrous water board members revise and update their financial reporting, and assisted in developing a basic rate study that would address better revenue collection.
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Community Action Partnership of Northwest Montana
RCAC developed a financing strategy for CAPNM to rehabilitate and recapitalize the Courtyard Apartments. As a result, CAPNM is the first agency in Montana to be awarded HUD Section 811 rental assistance from the Montana Department of Commerce (MDOC) Housing Division, which will provide rental assistance to very low-income adults with disabilities at the Courtyard Apartments.
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