DESCRIPTION OF RCHDC: ITS MISSION AND HISTORY
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Rural Communities Housing Development Corporation (RCHDC) was officially incorporated as a charitable non-profit corporation in November 1975. The corporation was initially developed and staffed by North Coast Opportunities (NCO) the local community action agency. NCO recognized the need for housing for low-income persons, as well as the need for a single purpose housing development corporation to address the problem.
In January 1983 RCHDC became financially and administratively independent of NCO. Initially, RCHDC was involved in developing housing projects involving low-income families, and low income elderly. It has expanded into operating a self-help housing program serving Lake, Mendocino, and Humboldt Counties. It also has developed a property management capability within the organization.
RCHDC's mission is to "provide decent, affordable housing to low and moderate income persons." RCHDC's success in carrying out its mission is evidenced by the following:
The agency has an extensive history of developing and managing housing projects. Besides developing the units referred to above, it contracts with other non-profits in developing housing projects, and provides supportive services to its elderly projects.
The agency has established fiscal and personnel management systems in place. There is an annual audit done on all of the projects operated by RCHDC. Reports are submitted to the RCHDC Board and all of the financing entities.
RCHDC has a Board of Directors that is composed of highly competent and dedicated individuals. Many of them have business experience in the fields of real estate, bank, and business. They oversee the Executive Director and Fiscal Officer, who manage the corporation on a day-to-day basis. RCHDC has an experienced staff and they manage the corporation in a professional and responsible manner.