Nevada Administrative Code
Chapter 319 - Assistance to Finance Housing
LOANS FOR CONSERVATION OF ENERGY
Section 319.810 - "Residential use" defined
Universal Citation: NV Admin Code 319.810
Current through September 16, 2024
1. "Residential use" means:
(a) In the case of a single-family
home, the use of a structure as the principal residence of an eligible
borrower; and
(b) In the case of
multiple-unit housing, the use of each dwelling unit as the principal residence
of the occupant.
2. The term does not include the use of a structure as a recreational home or property for investment in a trade or business. Any portion of the structure designed or used for any purpose other than as a principal residence must not exceed 15 percent of the usable area of the structure.
Added to NAC by Housing Div., eff. 12-16-82; A 4-13-88
NRS 319.140, 319.235
Disclaimer: These regulations may not be the most recent version. Nevada may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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