Nev. Admin. Code § 319.918 - Proposals for projects not sought through local participating jurisdiction

A proposal for a project that is not sought through a local participating jurisdiction must:

1. Be sponsored by the local government within whose jurisdiction the project will be located, as demonstrated by a letter of support or resolution or such other evidence acceptable to the Division;

2. If it is a proposal for construction or rehabilitation of a multi-unit residential project, demonstrate the project's ability to provide housing at a low cost to eligible families for not less than 30 years; and

3. Where applicable, meet the Division's standards for fiscal underwriting.

Notes

Nev. Admin. Code § 319.918

Added to NAC by Housing Div., eff. 6-20-90; A by R001-02, 6-28-2002

NRS 319.140, 319.520