Rural Community Assistance Corporation
PO Box 1358, Gold Beach, OR 97444
(541) 332-0703
FAX: (541) 332-0710
www.rcac.org

AGENCY INFORMATION

Bruce Newman, Regional Housing Manager
Stanley Keasling, Chief Executive Officer
Finnly Sutton, Director, Housing
Michael Carroll, Loan Fund Director

Total Number of Staff: 100+
Annual Operating Budget: $14 million
Lending capital: $70 million
Year of Incorporation: 1978
Area Served: RCAC is headquartered in West Sacramento, California with field offices in Alaska, Arizona, California, Colorado, Hawaii , Idaho , Montana, Nevada, New Mexico, Oregon, Utah, Washington and Wyoming.

SERVICES AND PROGRAMS OFFERED:

RCAC provides a wide range of community development services targeted to the smallest and most needy communities in the rural west to:

• Increase the availability of safe and affordable housing, and strengthen the local organizations providing these services;
• Improve the quality and availability of community facilities and infrastructure
• Improve the technical, financial and management capacity of community water, waste water and solid waste management facilities
• Build capability of local officials and community-based organizations to create economic opportunity and enhance the sustainability of rural communities
• Educate the rural public through publications and training

MISSION

Rural Community Assistance Corporation (RCAC) provides training, technical assistance and financing so that rural communities achieve their goals and visions. RCAC is committed to green initiatives in affordable housing development, environmental programs and lending, and in its organizational operations.

WHO WE SERVE

RCAC‘s services are generally available to communities with populations of 50,000 or fewer – including tribal communities. RCAC is the western RCAP (Rural Community Assistance Partnership). Most RCAC‘s services are available in our 13-state region. RCAC also serves the Republic of the Marshall Islands, Federated States of Micronesia, Republic of Palau, the Territory of Guam, and the Commonwealth of the Northern Marianas.

KEY ACCOMPLISHMENTS

• RCAC  is a certified Community Development Financial Institution, and its Loan Fund provides financing for affordable housing, community facilities, and water and wastewater systems. RCAC made nine loans that totaled nearly $4 million in its second quarter of Fiscal Year 2011. RCAC second quarter loans covered six states in the West, including Arizona, California, Colorado, Hawaii, New Mexico and Nevada to help small, rural and low-income communities develop a fire station, an adult day care center, farm worker housing, self-help housing, and water and wastewater systems. A few of the loans are highlighted here.
• As of September 30, 2011, RCAC closed 622 loans which totaled $323,615,962 and leveraged more than $1.32 billion for projects in rural communities. These loans supported 51,617 individual water and wastewater connections for rural citizens, 11,838 housing units and 1,199,937 feet of community facility space. These loans created or retained 13,531 jobs. RCAC currently has 137 loans under management, totaling more than $50.5 million.
• In FY 11, RCAC closed 39 loans totaling $22,961,392 in 10 states. The RCAC Loan Fund is capitalized at more than $68 million with investments from foundations, religious organizations, banking institutions and government entities.
• Additionally in FY 11, RCAC loans supported 4,942 individual water and wastewater connections for rural citizens, 460 housing units and 50,466 feet of community facility space. Additionally, RCAC loans in FY 11 created or retained 235 jobs.

PARTNERS IN DEVELOPMENT