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RCAC Loan Fund leverages more than $1 billion
Community Development Financial Institutions (CDFIs) are financing the economy’s underserved sectors with integrity and compassion in spite of limited lending capital. Profit making, but not profit maximizing, CDFIs have demonstrated creativity, innovation and responsibility within the financing arena with very little fanfare.
RCAC funding stream bolsters rural communities
RCAC effectively serves rural communities because of contributions, investments and fee-for-service contracts from foundations, corporations, government entities and other nonprofit organizations. RCAC appreciates its funders for their commitment to a vision for a better rural America through community development.
RCAC loan helps revive failed California community water system
After many years of costly repairs, Sunrise Shore Mutual Water Company (MWC) now has a system that produces clean, safe and affordable water. A $225,000 RCAC loan enabled the water system to make the crucial upgrades in the nick of time.
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