Nevada Administrative Code
Chapter 319 - Assistance to Finance Housing
LOANS FOR MULTIPLE-UNIT HOUSING AND SITES FOR MOBILE HOMES
Section 319.680 - "Residential use" defined
Universal Citation: NV Admin Code 319.680
Current through December 12, 2024
"Residential use" means use of each unit in a project as the principal residence of the occupant and not as a recreational home or property for investment in a trade or business. Portions of any project designed or used for any purpose other than as a principal residence must not exceed 15 percent of the usable area of the project.
Housing Division, Loans for Multifamily Homes Reg. § 3 subsec. g, eff. 12-5-78; A and renumbered as § 2 subsec. 6, 7-23-80-NAC A 4-13-88
NRS 319.140
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