Nevada Administrative Code
Chapter 319 - Assistance to Finance Housing
TAX CREDITS FOR LOW-INCOME HOUSING
Section 319.974 - Application: Submission; grounds for rejection; review and retention of rejected applications; subsequent reservation rounds

Universal Citation: NV Admin Code 319.974

Current through September 16, 2024

1. An application for tax credits must be:

(a) Completed by the applicant in accordance with the instructions for completing the application prepared by the Division pursuant to NAC 319.970; and

(b) Comply with the requirements of the qualified allocation plan.

2. The Division may reject an application if:

(a) It is incomplete or submitted after the deadline set forth in the qualified allocation plan; or

(b) The Division determines that the project for which the application is submitted does not comply with the requirements for an award of tax credits set forth in the qualified allocation plan.

3. If an application is rejected, the applicant may request a review of the application by the Administrator pursuant to the provisions of NAC 319.984.

4. The Division will retain all rejected applications or not less than 3 years after the date of the application.

5. Completed applications, supporting documents and any communication with the Division concerning those applications and documents will be kept confidential until the final determination concerning the reservation of tax credits is made by the Administrator pursuant to NAC 319.978.

Added to NAC by Housing Div. by R057-97, eff. 1-15-98; A by R115-14, eff. 10/27/2015

NRS 319.145

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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