Loans

Aqua Metals, Inc., which is commercializing a non-polluting electrochemical lead recycling technology called AquaRefining, announced Friday a $10 million loan from Green Bank in conjunction with a 90 percent loan guarantee from the U.S. Department of Agriculture Rural Development Agency for the development of its first AquaRefinery.

The entrance of companies like Tesla and Switch into Nevada means great things for the local economy. What they also mean are raising housing prices, as more and more people move into the Silver State, creating a housing shortage. This is good news for existing homeowners, but concerning for first-time homebuyers.

According to the Reno Gazette-Journal, “In January 2012, the median price for a home in northern Nevada was around $135,000. More than two and a half years later, home values have jumped by about 85 percent.”

More than $177 million has been invested through the USDA into rural Nevada communities in the past year, assisting more than 700 families in either helping them buy homes or to make improvements to their properties, and investing more than $28 million for community water and sewer system repairs, officials said Friday.

Housing prices are rising throughout Nevada, which means rental prices are going up as well. As the housing supply continues to try to catch up with demand, this upward trend promises to continue.

CARSON CITY, Nev. — Bunny Ranch owner and star of HBO's Cathouse series Dennis Hof has announced that his Nevada brothel will begin offering college students a unique and rapid way to pay off their student loans. The program, open to all coeds of accredited two and four year universities, promises to match any payment made by the young woman towards her student loans up to the amount she earns as a legal prostitute at The Bunny Ranch over a 60 day period.

Beginning Oct. 3, most mortgage transactions will be required to be completed on new disclosure forms created by the Consumer Financial Protection Bureau. The new forms – the Loan Estimate and Closing Disclosure – have been designed to improve consumer understanding of the mortgage process sooner, assist consumers with comparison shopping, and prevent unexpected issues at the time of closing.

It is clear, getting divorced can be a time to consider some financial matters. If the house is sold before the divorce, the full $500,000 home sale gain exclusion rules can apply. Some folks are well advised to sell the home and both parties get new housing.

That can help reduce costs of insurance, property taxes and interest if there is a mortgage. Now that real estate prices are moving up again, you might be better off to sell the house.

Recently a client brought in an IRS Notice that said she owed $2,834 because of a 2013 form 1099-MISC that showed she had income of $14,805. It took some extra research but we sent a letter to IRS that said she owed nothing because the form was issued in error.

A Mound House RV repair outfit, a community agriculture ranch in Washoe Valley and a motel in Fallon are among the recipients of energy grants awarded Tuesday by USDA Rural Development Nevada.

USDA Rural Development and its two close housing partners, Nevada Housing Division and the Nevada Rural Housing Authority on Tuesday celebrated National Homeownership Month with a "Power Hour" to brief real estate professionals on the changes in real estate law resulting from the 2015 Nevada State Legislature and to honor their work to leverage homeownership across the state.

USDA Rural Development and its two close housing partners, Nevada Housing Division and the Nevada Rural Housing Authority on Tuesday celebrated National Homeownership Month with a "Power Hour" to brief real estate professionals on the changes in real estate law resulting from the 2015 Nevada State Legislature and to honor their work to leverage homeownership across the state.

USDA Rural Development will hold a workshop June 11 in Carson City on its Value Added Producer Grant designed to help Nevada farmers, ranchers and food entrepreneurs learn about the program and whether they wish to apply for grants funds. Nationwide more than $30 million is available to fund the grants.

Sensing the chance to land a punch, Democrats last week launched a multi-pronged attack on Rep. Joe Heck and his involvement in a Capitol Hill fight over credit loans to members of the military....

USDA Rural Development Nevada is reminding rural nonprofits, public bodies and Tribes that the deadline to apply for USDA's new Rural Business Development Grant is May 15.

Grant money can be used to acquire or develop land, buildings, plants and equipment; build or improve access roads, parking areas, utility extensions and water and waste disposal facilities; provide technical assistance, establish revolving loan funds and to support rural distance learning programs that provide educational or job training.

Start-Up! is weekly column on entrepreneurship, start-ups, technology and innovation, powered by the Adams Hub for Innovation.

No one wants to think about the “worst case scenario” in the heady days of a new business venture. But, before your start-up company does its first day of business, there are basic legal issues you should address to avoid complications down the road.

Nevada Title and Payday Loan is hosting a food drive for the end of March through April for the entire community. The office will be encouraging comnunity members to stop by and lend a helping hand to those in need by bringing in non-perishable food items to the office.
Community members will receive a raffle ticket to enter a basket drawing. So feel free to stop in and join us in helping the Ron Wood Family Resource Center. We are located at 3151 N. Carson Street, Carson City.

Greater Nevada Mortgage (GNM) has named James Anderson as its new Executive Vice President of Mortgage Lending. Anderson will lead GNM’s strategic initiatives and oversee sales, servicing, operations, and secondary marketing, as well as the relationship with parent company, Greater Nevada Credit Union.

Senate Minority Leader Aaron Ford delivered some encouraging news to university and college students visiting the Legislature Monday: He will soon introduce a bill that would establish a new state-run program to refinance their student loans to reduce their payments....

The Bureau of Land Management (BLM), Carson City District, American Forests, Nevada Conservation Corps, and Alpine County are partnering to rehabilitate the Airport Fire area by planting trees starting Tue., March 10 and concluding on Sun., March 15, 2015.

This fire burned 81 acres of BLM and Alpine County land during the 2011 fire season and is located near the Indian Creek Recreation Area and the Alpine County Airport along Airport Road.

The Nevada Rural Housing Authority is hosting a free Homebuyer’s Expo on Saturday, April 18, from 1 p.m. to 4 p.m. in the Bonanza Room at the Nugget, 1100 Nugget Ave, Sparks.

The Expo is designed to educate prospective homeowners on the process of purchasing a home and ways to prepare for homeownership down the road. There will be presenters from NRHA, USDA Rural Development, Financial Guidance Center, lenders and more.

CARSON CITY, NEV. — USDA Rural Development Nevada has $14 million available to lend to rural communities for a variety of essential community projects, such as buildings, equipment or renovations. These low interest federal loans provide options for a community to finance projects over a longer term.

If you are a farmer or rancher with irrigation costs that are making you wince, it might be time to consider developing a more energy-efficient system.
Dianne and Lee Hutchens of Central Nevada took the plunge into solar energy using USDA Rural Development's Rural Energy for America grant, and are glad they did. This winter, they have been earning credits from NV Energy; in April they will begin using the credits to power two circle pivots on 160 acres of irrigated pasture.

Small rural businesses, ranchers and farmers can learn how to access grants and loans to finance renewable energy systems and energy efficiency improvements at a workshop Feb. 6 in Carson City.

First of all, don’t let financial matters be more important than your personal relationships. But if you are planning to get married, it might save some taxes for you to consider some of the following items.

In 2014, two unmarried individuals can each have $89,350 of taxable income (after the standard deduction or Itemized Deductions and personal exemption) before they are taxed at 28 percent. But, if they are married, their combined taxable income over $148,850 wills be taxed at a rate starting at 28 percent for taxable income above that.

More than $161 million was invested in rural Nevada in 2014 by the Department of Agriculture's Rural Development agency to support housing, business and community facilities. Since 2009, the rural agency has provided more than $987 million to strengthen rural Nevada’s families and communities.

Noah Elsfelder has joined Greater Nevada Credit Union as Business Services Specialist. He brings more than 12 years of banking experience to Greater Nevada and the businesses it serves.

In his new role, Elsfelder will help establish and maintain Greater Nevada Credit Union’s business banking relationships. Greater Nevada offers a full range of business banking products and services such as checking accounts, merchant services, cash management, as well as business loans, including construction, SBA and agriculture.

Buying a vehicle is now an even better deal for Nevadans who get their financing from Greater Nevada Credit Union. Through a partnership with CU Direct, Greater Nevada has received exclusive rights to launch the region’s first AutoPREMIER auto buying service and has already signed on a variety of preferred-partner dealers.

Over the past year and a half, Greater Nevada Credit Union (GNCU), the area’s largest locally-based credit union, has seen more than 115% growth in its business lending portfolio. One of the credit union’s newest products, construction loans, is taking off just as rapidly, thanks to local businesses that want to expand, and the unique services offered by Greater Nevada to help them do it.

Nevada Attorney General Catherine Cortez Masto announced this week a $550 million joint state-federal settlement with mortgage lender and servicer SunTrust Mortgage Inc. to address mortgage origination, servicing, and foreclosure abuses. It is estimated that eligible Nevada homeowner’s will receive approximately $2.8 million in loan modifications as part of the settlement.

Douglas County advocate and activist JoEtta Brown of Gardnerville was elected executive vice president of the Alliance for Retired Americans at the recent Alliance for Retired Americans national membership convention in Las Vegas.