This is a press release submitted to Vegas INC. It has not been verified or edited by Vegas INC.
Nevada Rural Housing Authority names Nevada State Bank as 'Most Valuable Partner'
“Nevada State Bank has been instrumental in providing WISH program funding for the NRHA,” said Gary Longaker, NRHA Executive Director. “The money comes from an award by the Federal Home Loan Bank of San Francisco and Nevada State Bank has been an important player in bringing these dollars into our region to help young rural families go from renters to first time home buyers,” he said.
Drew Zidzik, Nevada State Bank senior vice president, community relations manager said, “The NRHA should be applauded for its WISH program. This program is important for many reasons. It puts home buying within reach of qualified buyers. It strengthens communities because of the stability home ownership brings. It is also one of the few programs out there that is helping turn around Nevada’s troubled housing market.” He added, “This program is making a difference and we are happy to receive this honor and proud to be a part of this.”
The WISH program triples the down payment contribution of qualified homebuyers up to $15,000. It is used in conjunction with the NRHA’s Mortgage Credit Certificate (MCC) program. The MCC program also makes home ownership even more affordable through tax credits received throughout the life of the loan.
For nearly 40 years, the NRHA has improved the quality of life for tens of thousands of Nevadans by providing innovative home ownership programs, community development and rental assistance in rural Nevada. For more information on the NRHA or its programs, call 775-887-1795 or visit www.nvrural.org.
Nevada State Bank, with assets of more than $4.1 billion, is the largest state-chartered bank in Nevada. It is a full-service bank with 53 branches statewide offering a complete range of consumer, private and business banking services. It is a subsidiary of Salt Lake City-based Zions Bancorporation (Nasdaq: ZION), one of the nation's premier financial services companies. With affiliates in 10 Western and Southwestern states, 136-year-old Zions Bancorporation has assets of $51.3 billion. For more information on Nevada State Bank, call 702.383.0009 or access www.nsbank.com.