Nevada Administrative Code
Chapter 319 - Assistance to Finance Housing
LOANS FOR MULTIPLE-UNIT HOUSING AND SITES FOR MOBILE HOMES
Section 319.714 - Payment of cost of issuance of bonds
Universal Citation: NV Admin Code 319.714
Current through September 16, 2024
1. Upon approval of a loan application by the Division, a sponsor must submit:
(a) If the application is for a new project,
a down payment of $75,000 toward the cost of issuance of the bonds for the
project; or
(b) If the application
is for refinancing of an existing project, a deposit in an amount that is less
than $75,000, as determined by the Division, toward the cost of issuance of the
bonds for the project.
2. The balance of the cost of issuance of the bonds is due at closing.
Added to NAC by Housing Div. by R093-00, eff. 11-20-2000
NRS 319.140
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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