Job Description
Rural Community Assistance Corporation (RCAC) seeks an experienced and talented Chief Lending & Investment Officer to strategically lead RCAC’s complex lending portfolio and engage as a thought partner with the executive team to advance RCAC’s mission at a time of unprecedented growth and mission impact. The CLIO will bring deep understanding of community development financing institutions, an enterprise-wide perspective to organization planning and decision-making, an engaging and collaborative approach to team leadership, and experience with rural communities. THE ORGANIZATION Founded in 1978, RCAC partners with and co-creates vibrant, healthy, and enduring rural and Indigenous communities by providing training, technical and financial assistance, economic resources, and advocacy so those communities can achieve their goals and visions. RCAC collaboratively builds the capacity of organizations that serve underserved communities in 13 western states (including Alaska and Hawaii) and Pacific Islands by working in partnership with small rural and Indigenous communities and other local agencies to provide tools and resources necessary to improve their quality of life. RCAC’s wide range of services to rural communities include technical assistance and training for environmental infrastructure; affordable housing development; economic and leadership development; community resilience and disaster planning; and community development finance. Since its inception, RCAC’s dedicated staff and active board have helped affect positive change in rural and Indigenous communities across the West. Loan Fund RCAC created its Loan Fund in 1988 and was later certified as a Community Development Financial Institution (CDFI). As of September 30, 2025, RCAC closed 1,953 loans which totaled $1,059,281,714 and leveraged more than $3.551 billion for projects in rural communities. These loans supported 176,805 individual water and wastewater connections for rural citizens; 18,363 housing units; 11,726,256 sq. feet of community facility space; and created or retained 33,725 jobs. RCAC currently has 384 loans under management, totaling more than $151,703,951. Additionally, RCAC manages 49 loans totaling more than $39 million on behalf of other lenders and investors. Strategic Directions RCAC’s program and services are informed by its strategic directions: • Core Competencies: Ensure rural communities have culturally appropriate access to resources by prioritizing community-identified needs and advocating on behalf of these communities with public and private sector partners. • Increased Investment: Strengthen the economies of rural communities through increased capital investment that supports small businesses and community development. • Indigenous Communities: Collaborate with grassroots and Indigenous-led organizations that provide infrastructure, housing, lending, and other essential services in Indigenous communities. • Culture of Care: Sustain a culture recognizing and embracing the ways we are different and unique from one another, internally and in community, ensuring that everyone has a voice and opportunity to contribute to the well-being of the organization and communities we serve. • Capacity Building and Innovation: Strengthen RCAC’s operations by exploring innovative strategies, improving internal infrastructure, and promoting staff development so that RCAC can continue to build the capacity of organizations. • Outcome Measurement: Transition RCAC measurement to an outcomes-based model that effectively articulates the narrative of our work, increases learning opportunities to refine our programmatic approach, and expands the metrics the organization can share with diverse funding sources. Headquartered in West Sacramento, RCAC has an estimated annual budget of approximately $65 million, more than $200 million in total assets, and net assets of more than $85 million, and is deepening its impact through two significant unrestricted grants received in 2021 and 2025. Governed by a twelve-person diverse Board of Directors from eight different states, RCAC employs a staff of 280, many of whom work remotely across RCAC’s 13-state footprint. For more information, please visit RCAC’s website at THE POSITION Reporting to Chief Executive Officer (CEO), the Chief Lending & Investment Officer (CLIO) is a new position in RCAC’s infrastructure and serves on the executive leadership team that includes the Chief Executive Officer, Chief Financial Officer, Chief Operating Officer, Chief Lending & Investment Officer, and Chief Impact and Policy Officer. Leading a team of 24, the CLIO will provide strategic direction in growing and implementing RCAC’s loans for affordable housing, water and wastewater infrastructure, community facilities, small business, household wells, and septic systems. Key Responsibilities The CLIO will step into an organization with a reputation for excellence in the community development space, strong financial healt
Apply tot his job
Apply To this Job