RCAC Affordable Housing Loans
Tailored financial solutions and low interest rates
At Rural Community Assistance Corporation (RCAC), we know that increasing the affordable housing supply has never been more critical. We also know that affordable housing has major impacts on health outcomes, productivity, workforce stability and children’s educational attainment.
Our financing helps developers build single and multifamily affordable housing units for low-income families. RCAC’s housing loans allow for short-term acquisition, pre-development, site development and construction of single and multifamily affordable housing.
Despite the Fed’s recent action to increase interest rates, we’ve made a conscious decision to keep our rates stable. Currently, they are at 5.50%.*
If your organization** needs to finance an affordable housing project, RCAC invites you to consider working with our Loan Fund, a certified Community Development Financial Institution. Unlike traditional lenders, our focus is on local community development and investing in small, rural and Indigenous communities. As a mission-driven organization, we put the community first, not profits.
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