NAC319.719. Loan to value percentage.

Latest version.

Each project that uses tax-credit equity must have a loan to value percentage of not more than 85 percent of the appraised value of the project, taking into account all debt. For projects not using tax-credit equity, the Division may allow a 95 percent loan to value percentage if the Division determines that such a percentage is appropriate under the circumstances.

(Added to NAC by Housing Div. by R093-00, eff. 11-20-2000)

                    
                        var val = document.getElementById('citecontent').innerHTML;
                        art.dialog.defaults.title = window.location.href;
                        art.dialog.data('cite', val);
                        art.dialog.data('homeDemoPath', '/Scripts/plus/artDialog/');
                        art.dialog.open('/Scripts/plus/artDialog/citeiframe.html');