About Rural Nevada Development Corporation
Rural Nevada Development Corporation (RNDC) is a 501(c) 3 non-profit development corporation formed in January 1992 to serve the fifteen (15) rural counties, rural Clark and Washoe counties, and the twenty-seven (27) Native American tribes of Nevada. RNDC has been responsive to the needs of rural communities by addressing critical issues such as affordable housing, down payment assistance, homeowner rehabilitation and small business alternative lending practices and has received certification from the Department of Treasury as a Community Development Financial Institution (CDFI). Its ability to leverage involvement statewide from public and private sources has been successful. In 1999, the RNDC business-lending program won a “Best Practice” award from HUD for its creativity in addressing a problem, and effectively leveraging resources. Collaboration among state, federal, local governments, private, and other non-profit organizations is the primary reason RNDC has been successful.
Partners participating in small business lending and housing services consist of the following:
- USDA Rural Development
- Small Business Administration (SBA)
- Economic Development Administration
- Governors Office of Economic Development
- Nevada–Small Business Development Center
- Inter-Tribal Council of Nevada
- Nevada Housing Division
- Nevada State Development Corporation
- Nevada State Bank
- Charles Schwab Bank
- State & Local Governments
Originally designed to offer business finance and community housing development services, RNDC has provided and expanded these services while working to identify the most feasible economic development activities in each community. Its mission statement reflects its primary purpose of providing economic development assistance, financing opportunities to small businesses, and healthy, safe, affordable housing to persons in Rural Nevada. Specific emphasis has been and will continue to be on promoting the growth and development of business concerns, addressing the need for affordable housing, as well as, assisting rural communities and Native American Tribes with their development needs.