Nevada Administrative Code (Last Updated: January 6, 2015) |
Chapter319 Assistance to Finance Housing |
DEFERRED MORTGAGE LOANS FOR DOWN PAYMENTS AND CLOSING COSTS |
NAC319.5625. “Area median purchase price” defined.
Latest version.
- “Area median purchase price” means 95 percent of the median purchase price for a single-family residence in the area in which the residence is located, as established by the United States Department of Housing and Urban Development.
(Added to NAC by Housing Div. by R136-03, eff. 11-26-2003)