NAC319.010. Purpose and objectives.

The provisions of this chapter are adopted to accomplish the general purposes of chapter 319 of NRS and the following specific objectives:

     1. Expanding the supply of money in this State which is available for:

     (a) New residential housing; and

     (b) Construction loans and permanent loans for multiple-unit housing,

Ê for families of low and moderate income;

     2. Providing additional housing which is needed to remedy any shortage of adequate housing in the State for such families; and

     3. Encouraging participation by lending institutions in the programs authorized by chapter 319 of NRS, while restricting the financial return and benefit to those lending institutions to that which is necessary and reasonable to induce participation.

     [Housing Division, Loans to Lending Institutions Reg. §§ 1 & 2, eff. 12-5-78; A and renumbered as § 1, 7-23-80; + Loans for Single-Family Homes Reg. §§ 1 & 2, eff. 5-8-78; A and renumbered as § 1, 7-23-80; + Loans for Multifamily Homes Reg. §§ 1 & 2, eff. 12-5-78; A and renumbered as § 1, 7-23-80]—(NAC A 4-13-88)