Funding Agency: Rural Community Assistance Corporation

Affordable Housing

This loan can be used to help both multi and single family housing projects. It is meant to finance homes for low income families in rural areas. Projects must be in rural areas with a population of up to 50,000 people. The loan does not go directly to families, it is instead given to nonprofit …

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Community Facilities

Rural Community Assistance Corporation helps develop and improve essential community facilities including public and nonprofit office buildings, treatment centers, emergency and transitional housing, assisted living, human services, public safety, child care, education and cultural facilities. The RCAC gives priority to loan applications for projects that incorporate significant green methods and materials.

Small Business Loans

This loan is meant to assist businesses create and retain jobs thus improving the economic conditions of rural communities. The business must be in rural communities of 50,000 people or less. There are short, intermediate, and long term loans available.