Nevada Administrative Code
Chapter 319 - Assistance to Finance Housing
LOANS FOR MULTIPLE-UNIT HOUSING AND SITES FOR MOBILE HOMES
Section 319.718 - Debt service coverage
Universal Citation: NV Admin Code 319.718
Current through September 16, 2024
Except as otherwise provided in this section, the projected ratio for debt service coverage for each project must be a minimum of 1.20:1.00. The Division may approve a projected ratio for a project which is enhanced by the Federal Housing Administration or another federal agency if the ratio is consistent with the criteria established by the applicable program of those agencies.
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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