RNA Community Builders, Inc.

Rutland VT


RNA Community Builders, a certified CDFI Intermediary, was founded in 1994 by members of the NeighborWorks Network to help rural Neighbohood Housing Services organizations build individual capacity through financial and technical support. It seeks to provide financing to its members to support the creation of affordable housing or other community development projects benefiting low-income individuals in rural areas. RNA also helps coordinate its members" participation in strategies addressing common rural concerns and opportunities. RNA currently has 24 members in 13 states and has made 30 loans to 13 different members, totaling over $2.18 million. RNA"s membership is principally made up of certified Community Development Financial Institutions (CDFIs) and CDFIs in formation. States currently served by RNA members include South Dakota, Montana, Iowa, Vermont, Colorado, Texas, West Virginia, New York, Tennessee, New Hampshire, Wisconsin, New Mexico, and Washington.

CDFI Awards for RNA Community Builders, Inc.


CORE (2000) - $1,037,000

The CDFI Fund"s $1,037,000 award ($1,000,000 loan and $37,000 technical assistance grant) will help RNA achieve its goal of increasing the number and dollar amount of loans to member organizations. The award will also help RNA expand its capacity to offer technical assistance to its smaller, newer, or less sophisticated members and to assist members to become certified CDFIs.



SECA (1998) - $41,000

The CDFI Fund"s $41,000 Technical Assistance grant award will finance staff training in housing and economic development lending, purchase information technology, and purchase consulting services necessary to conduct studies of member credit needs and a capitalization strategy. The CDFI Fund award will enable RNA Community Builders to enhance Board participation and better serve and expand its membership.



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