Nevada Administrative Code
Chapter 319 - Assistance to Finance Housing
LOANS FOR MULTIPLE-UNIT HOUSING AND SITES FOR MOBILE HOMES
Section 319.790 - Eligibility of tenant
Universal Citation: NV Admin Code 319.790
Current through September 16, 2024
1. The Division will determine the maximum levels of income and other requirements for eligible tenants after considering:
(a) The median
income of residents of each county in the State;
(b) The requirements and standards, including
maximum levels of income, of applicable federal and state statutes and
regulations;
(c) The size of the
tenant's family; and
(d) Any other
factor which it deems relevant.
2. A family's financial eligibility is determined by the family's verified gross income, including:
(a) Salary or wages;
(b) Income from overtime;
(c) Tips;
(d) Income from part-time
employment;
(e) Bonuses;
(f) Dividends;
(g) Interest;
(h) Royalties;
(i) Pensions;
(j) Compensation received from the Department
of Veterans Affairs;
(k) Net rental
income;
(l) Alimony;
(m) Payments for child support;
(n) Public assistance;
(o) Compensation for disability;
(p) Payments received from social
security;
(q) Compensation for
unemployment;
(r) Military
allowances;
(s) Income received
from business activities or investments; and
(t) Income received from trusts.
Housing Division, Loans for Multifamily Homes Reg. §8, eff. 7-23-80-NAC A 4-13-88; A by R078-24A, eff. 9/10/2024
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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