May 12, 2009
Loan Fund helps communities in crisis
In its second quarter ending March 31, RCAC continued to make much-needed loans to rural communities, including: an emergency loan that will help a community in Washington complete urgent repairs to its water system; predevelopment loans to California and New Mexico organizations to assist with wastewater projects; and a Colorado predevelopment loan for a community land trust housing project. Often, such communities have nowhere else to turn for predevelopment and emergency financing.
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