Nevada Administrative Code (Last Updated: January 6, 2015) |
Chapter319 Assistance to Finance Housing |
ACQUISITION AND SALE OF LAND |
NAC319.856. Financing for eligible housing.
Latest version.
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1. A sponsor may not condition an application to purchase land upon receiving financing for eligible housing from the Division.
2. The sponsor may apply for financing from the Division under a separate program and, if approved, use such financing in the calculations required by paragraph (d) of subsection 2 of NAC 319.854. The invitation of the Division to submit a proposal does not imply that the Division will finance eligible housing under any other program.
(Added to NAC by Housing Division, eff. 12-16-82; A by R140-01, 8-2-2002; R124-04, 10-4-2004, eff. 7-1-2009)