Western Region Office 704 W. Nye Lane, Ste. 201 Carson City, Nevada 89703 email@example.com Office: (775) 461-6320 Fax: (775) 883-0494
Pahrump Office 1301 S. Highway 160 NSB Building, Second Floor Pahrump, Nevada 89048 firstname.lastname@example.org Office: (775) 751-1947 Fax: (775) 751-1933
PROGRAMS AND SERVICES
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 homeowner rehabilitation and small business alternative lending practices and has received certification from the Department of Treasury as a Community Development Financial Institution (CDFI). In 2004, RNDC expanded its services into rural Clark County, and in April of 2006 programs became available in rural Washoe County. As part of the general allocations of the Housing and Lending Program dollars, RNDC has the capability of funding programs on or off sovereign lands to members of federally recognized tribes.
RNDC has established significant loan capital, which it lend to small businesses in need of expansion or start-up financing in the target areas mentioned above. RNDC has obtained over $5.6 million by various funding sources such as USDA-Rural Development, The Economic Development Administration, Charles Schwab Bank, Nevada State Bank, and RNDC funds as well. The Board of Directors has targeted the use of the funds for businesses in need of expansion financing, fixed assets, purchases, working capital, and start-up businesses in cities with a population of 25,000 or less. The RNDC loan funds significantly address the capital gap for rural businesses, and leverage bank participation in rural business loans. RNDC works closely with the Nevada Commission on Economic Development and the Nevada Small Business Development Center.
RNDC has made every effort to address the technical assistance needs of small businesses. Along with several other agencies: White Pine County EDC, Eureka County EDA, Lincoln County Regional Development, Lander County EDA, Nye County EDA and the Community Business Resource Center and the Nevada Commission on Economic Development; RNDC has joined forces to establish Nevada Small Business Development Center (NSBDC) satellite offices to cover White Pine, Southern Lander, Eureka, Lincoln, Nye, Esmeralda, and rural Clark counties.
Housing programs offered through RNDC include Homeowner Rehabilitation and Weatherization, Down Payment Assistance, and multi-family apartment rentals.
The Homeowner Rehabilitation Program assists low-income homeowners with repairs to their home. These improvements can address any health, safety, energy conservation, or handicap accessibility needs.
The Weatherization Assistance Program utilizes Department of Energy, State, and Utility funds to install energy conservation measures in low-income households.
The Down Payment Assistance (DPA) deferred loan program assists low-income, first time home buyers with down payment and eligible closing costs to purchase single-family residential properties meeting HUD Housing Quality Standards (HQS).
Through partnerships with housing developers, RNDC has constructed multi-family housing projects in Rural Nevada. These units are developed to provide affordable rental housing in areas where needed for low-income families.
The Native American Program is available exclusively to individual members of federally recognized tribes and tribal entities residing in the state of Nevada. These funds are available to finance business ventures within the rural counties of the state including the reservations. For information regarding the Native American Program contact Mary Kerner.