Hi,
Here's how I did it.  Names in [] need to be changed to something useful for you.  I also use and recommend TortoiseSVN for the Windows client side.
Good luck,
Conrad.
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** Download RPMs to /tmp directory
   apache-libapr-2.0.48-0.1.i386.rpm
   neon-0.24.7-1.i386.rpm
   subversion-1.1.1-1.rh7x.i386.rpm
   subversion-server-1.1.1-1.rh7x.i386.rpm
** Install
   rpm --nodeps -Uvh /tmp/*.rpm   
** Create a repository
   svnadmin create /path/to/repos
      eg. svnadmin create /home/e-smith/files/ibays/[IBAYNAME]/files/Repository
** Setup the access and authentication
   Edit <repository>/conf/svnserve.conf
      eg.
         [general]
         anon-access = write          - allows access without password
         auth-access = write
         password-db = passwd
         realm = [REALM_NAME] 
      Edit password file (eg. <repository>/conf/passwd)   
         eg.
            [users]
            username = password
** Confirm the repository exists
   Use TortoiseSVN RepoBrowser to confirm the repository address
      eg.
         svn://server.local/Repository         
** Import files (optional - can use TortoiseSVN for this)
   Create directories
      mkdir <projectroot>/branches
      mkdir <projectroot>/tags
      mkdir <projectroot>/trunk   
   Copy initial files
      cp -R <projectfiles> <projectroot>/trunk
         eg. cp -R          
   Import
      svn import <filesroot> file://<repository> -m "Initial import"
   (optional) Remove initial files (if they're not needed)
      rm -rf <projectroot>/*      
** Start the server
   svnserve -d -r /path/to/repos
      eg.   svnserve -d -r /home/e-smith/files/ibays/[IBAYNBAME]/files/Clients/   
** References
   [1] Subversion manual G:\Operations\Technical\Server\Packages\Subversion\SubversionManual.pdf
   [2] 
http://tortoisesvn.tigris.org/docs/TortoiseSVN_en/ch03s02.html