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Rural Community Assistance Corporation
3120 Freeboard Drive, Suite 201West Sacramento CA, 95691-5010
CDFI Awards for Rural Community Assistance Corporation
FA (2009) - $2,000,000
Rural Community Assistance Corporation (RCAC) is a nonprofit loan fund in operation since 1988. RCAC is a certified CDFI serving rural communities in a 13-western state region, offering financial products and services for affordable housing, water and wastewater infrastructure, and community facilities. RCAC will use its FY2009 Financial Assistance award as lending capital for drinking water and wastewater systems in low-income rural communities.
FA (2006) - $585,000
Rural Community Assistance Corporation (RCAC) is a certified CDFI established in 1978. RCAC finances affordable housing, community facilities, and water and wastewater systems in rural communities across 14 western states. RCAC will use the 2006 Financial Assistance Award of $585,000 to increase its lending capital to meet growing demand.
FA (2005) - $950,000
RCAC will use its $950,000 financial assistance award to provide operating capital loans to eligible nonprofits and Title 184 Native American loans.
FA (2004) - $1,855,000
Rural Community Assistance Corporation (RCAC) will use the award to expand its affordable housing and economic development, and will fund its existing product lines which include short-term, long-term, land acquisition, construction, pre-development loans.
NMTC (2002) - $8,000,000
RCAC will use its NMTC allocation to support its loan program for real estate projects such as health clinics, substance-abuse centers, childcare facilities, and office buildings for nonprofit organizations. RCAC indicates that it will target its activities principally to communities with higher levels of distress than the minimum poverty/income criteria required by the NMTC Program.
CORE (2001) - $1,000,000
The CDFI Fund grant of $1,000,000 will enable RCAC to deliver its existing products and services to more rural communities, to provide construction and permanent financing for projects deemed too risky or remote by conventional lenders, and to build its equity base.
CORE (1998) - $2,000,000
The Fund"s $2 million grant will help RCAC serve even more under-served rural areas. RCAC will work closely with local leaders to promote holistic community development by identifying local needs, helping to provide the financing for meeting them, and helping local residents assess the impact.
CORE (1997) - $900,000
A $600,000 grant and $300,000 technical assistance award from the CDFI Fund will be used to expand loan capital and to identify new strategies for lending in Native-American and other lowincome communities.
CORE (1996) - $1,700,000
Financial support from the CDFI Fund of $1.7 million ($900,000 grant and $800,000 loan) will provide RCAC substantial new resources targeted to expanding its lending capabilities to include predevelopment loans for environmental infrastructure and development loans for child care facilities.
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