Nevada Administrative Code
Chapter 319 - Assistance to Finance Housing
LOANS FOR MULTIPLE-UNIT HOUSING AND SITES FOR MOBILE HOMES
Section 319.711 - Priorities for allocation of volume cap for projects

Universal Citation: NV Admin Code 319.711

Current through September 16, 2024

1. Except as otherwise provided in this section, when allocating volume cap, the Division shall give priority to senior projects and special needs projects if the Division determines that there is a need for such projects.

2. A local government may establish a priority for the allocation of volume cap for projects proposed by the local government. If a local government has established a priority for allocation and if the Division has determined that it has sufficient volume cap for projects to supplement volume cap on all projects submitted by a local government, the Division shall apply the priority of the local government to all projects proposed by the local government when allocating volume cap to the projects of the local government. If the Division has determined that it does not have sufficient volume cap to supplement volume cap on all projects submitted by a local government, the Division:

(a) May give priority to senior projects or special needs projects; and

(b) Shall not finance family projects proposed by the local government until the Division has sufficient volume cap to supplement volume cap for those projects.

3. The Division may allocate volume cap to finance a project submitted by a local government if the local government does not have:

(a) Sufficient volume cap; or

(b) Volume cap to contribute to the project and the local government is in support of the project.

4. As used in this section, "family project" means a project for housing that does not discriminate as to family size, age of head of household or dependents, or marital status of the residents.

Added to NAC by Housing Div. by R093-00, eff. 11-20-2000; A by R114-14, eff. 10/27/2015

NRS 319.140

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