NAC319.790. Eligibility of tenant.


Latest version.
  •      1. The Division will determine the maximum levels of income and other requirements for eligible tenants after considering:

         (a) The median income of residents of each county in the State;

         (b) The requirements and standards, including maximum levels of income, of applicable federal and state statutes and regulations;

         (c) The size of the tenant’s family; and

         (d) Any other factor which it deems relevant.

         2. A family’s financial eligibility is determined by the family’s verified gross income, including:

         (a) Salary or wages;

         (b) Income from overtime;

         (c) Tips;

         (d) Income from part-time employment;

         (e) Bonuses;

         (f) Dividends;

         (g) Interest;

         (h) Royalties;

         (i) Pensions;

         (j) Compensation received from the Veterans’ Administration;

         (k) Net rental income;

         (l) Alimony;

         (m) Payments for child support;

         (n) Public assistance;

         (o) Compensation for disability;

         (p) Payments received from social security;

         (q) Compensation for unemployment;

         (r) Military allowances;

         (s) Income received from business activities or investments; and

         (t) Income received from trusts.

     [Housing Division, Loans for Multifamily Homes Reg. § 8, eff. 7-23-80]—(NAC A 4-13-88)