NRS 319.520 – Regulations concerning distribution and use of money in Account; requirements for recipient of money.
1. The Administrator shall consult with representatives of housing authorities, organizations of persons with low income, providers of housing, financial institutions and other persons interested in the provision of affordable housing, and adopt regulations establishing: (a) Criteria for the distribution and use of money from the Account for Affordable Housing; and (b) Procedures for the […]
NRS 319.530 – Pets must be allowed in housing acquired, constructed or rehabilitated with money from Account; limitations; service animals and service animals in training.
1. A tenant of housing acquired, constructed or rehabilitated with any money from the Account for Affordable Housing created by NRS 319.500 must be allowed to keep one or more pets within the residence of a tenant in accordance with any applicable laws and ordinances. 2. The provisions of subsection 1 do not prohibit the […]
NRS 319.900 – False statements; penalty.
Any person who knowingly makes or causes to be made, either directly or indirectly, or through any agency whatsoever, any false statement in writing concerning an applicant’s income, employment, financial position, the size of the applicant’s family, the intent of the applicant to occupy premises as his or her primary residence or the cost of […]
NRS 319.440 – Maintenance after expiration: Notice; annual report; notice for subsequent ending; regulations.
1. If an owner of a project intends to maintain an affordability restriction on a project after the expiration of the affordability restriction, the owner must: (a) Provide written notice to the Division not less than 12 months before the expiration of the affordability restriction that the owner will voluntarily maintain the affordability restriction after […]
NRS 319.500 – Creation; investment of money; claims.
1. There is hereby created in the State General Fund the Account for Affordable Housing, to be administered by the Division. All money that is collected for the use of the Account from any source, including pursuant to a specific statute, tax, legislative appropriation, gift or grant, or from interest earned on specified public or […]
NRS 319.510 – Use and distribution of money in Account.
1. Except as otherwise provided in subsection 2, money deposited in the Account for Affordable Housing must be used: (a) For the acquisition, construction or rehabilitation of affordable housing for eligible families by public or private nonprofit charitable organizations, housing authorities or local governments through loans, grants or subsidies; (b) To provide technical and financial […]
NRS 319.330 – Refunding obligations: Issuance, sale and exchange.
1. The Division may issue refunding obligations to refund any obligations then outstanding which have been issued under the provisions of this chapter, including the payment of any redemption premium thereon and any interest accrued or to accrue to the date of redemption of the obligations and for any statutory purpose of the Division. The […]
NRS 319.340 – Bond reserve funds: Establishment; use; requirements.
1. The Division may establish one or more bond reserve funds, and shall pay into each such bond reserve fund: (a) Any money appropriated by the Legislature for the purpose of the fund; (b) Any proceeds of sale of notes or bonds to the extent provided in connection with the issuance thereof; and (c) Any […]
NRS 319.350 – Bond reserve funds: Limitations.
The Division shall not at any time issue bonds, secured in whole or in part by a bond reserve fund, if upon the issuance of those bonds, the amount in that bond reserve fund will be less than the bond reserve fund requirement for that fund, unless the Division at the time of issuance of […]
NRS 319.360 – Bond reserve funds: Purpose; status reports.
The provision of bond reserve fund requirements is designed to assure the continued operation and solvency of the Division for the carrying out of its statutory purposes. The Administrator shall, on or before the date of convening of any regular session of the Nevada Legislature, make and deliver to the Governor, the President of the […]