| GENERAL PROVISIONS |
| NAC 319.005. Definitions. |
| NAC 319.010. Purpose and objectives. |
| NAC 319.015. Requirements of chapter: Effect of issuance of notes, bonds or other obligations. |
| NAC 319.020. Clarification of, relief from, information on or waiver of regulations. |
| ADVISORY COMMITTEE ON HOUSING |
| NAC 319.030. “Committee” defined. |
| NAC 319.032. Duties; quorum; meeting by telephone. |
| NAC 319.034. Appointment of members, Chair and Vice Chair; terms of office; removal of members. |
| NAC 319.036. Preparation and distribution of agenda; proxies and alternates prohibited. |
| NAC 319.038. Record of proceedings. |
| CERTIFICATION OF ASSISTED LIVING FACILITIES |
| NAC 319.251. Definitions. |
| NAC 319.253. “Assisted living facility” defined. |
| NAC 319.255. “Declaration of restrictive covenants and conditions” defined. |
| NAC 319.257. “Sponsor” defined. |
| NAC 319.259. Written request for certification; facilities financed through tax credits relating to low-income housing. |
| NAC 319.261. Action by Division. |
| NAC 319.263. Submission of requested information. |
| NAC 319.265. Notice of certification. |
| REPORTING CONCERNING RESIDENTIAL HOUSING FOR PERSONS WITH DISABILITIES |
| NAC 319.267. Definitions. |
| NAC 319.269. “Department” defined. |
| NAC 319.271. “Division” defined. |
| NAC 319.275. “Residential dwelling unit” defined. |
| NAC 319.277. “Owner of residential housing” interpreted. |
| NAC 319.279. “Unit of the residential housing that is available and suitable for use by a person with a disability” interpreted. |
| NAC 319.281. Quarterly reports to Division: Form and instructions. |
| NAC 319.283. Quarterly reports to Division: Submission; contents. |
| LOANS FOR SINGLE-FAMILY HOMES |
| NAC 319.300. Definitions. |
| NAC 319.320. “Deed of trust” defined. |
| NAC 319.325. “Deed of trust note” defined. |
| NAC 319.330. “Eligible borrower” defined. |
| NAC 319.345. “Eligible lending institution” defined. |
| NAC 319.365. “Household income” defined. |
| NAC 319.390. “Mortgage loan” defined. |
| NAC 319.395. “Mortgage purchase agreement” defined. |
| NAC 319.415. “Participating lending institution” defined. |
| NAC 319.420. “Program” defined. |
| NAC 319.425. “Qualified residence” defined. |
| NAC 319.460. Invitations and application for lending institutions to originate, sell and service mortgage loans. |
| NAC 319.463. Criteria for eligibility to participate in program; notice of acceptance. |
| NAC 319.466. Qualifications of eligible borrowers. |
| NAC 319.469. Mobile homes. |
| NAC 319.473. Ground for not purchasing or reconsidering purchase of mortgage loan. |
| NAC 319.476. Purchase of mortgage loans: Mortgage purchase agreement; notice to applicant. |
| NAC 319.479. Service of mortgage loans purchased by Division. |
| NAC 319.483. Persons prohibited from purchasing obligations of Division. |
| NAC 319.486. Examination of books and records. |
| NAC 319.489. Consent to jurisdiction of First Judicial District Court. |
| EMPLOYER-ASSISTED HOUSING PROGRAMS |
| NAC 319.491. Definitions. |
| NAC 319.492. “Eligible borrower” defined. |
| NAC 319.493. “Employer-assisted housing program” defined. |
| NAC 319.494. “Grant” defined. |
| NAC 319.495. “Participating employee group” defined. |
| NAC 319.496. “Participating employer” defined. |
| NAC 319.497. “Qualified organization” defined. |
| NAC 319.498. Grants to qualified organizations. |
| NAC 319.499. Requirements for loans to eligible borrowers; terms and conditions; limitation on fees. |
| NAC 319.501. Length of employment not a condition of eligibility for loan; multiple loans on same property prohibited. |
| SECOND MORTGAGE LOANS FOR DOWN PAYMENTS AND CLOSING COSTS |
| NAC 319.505. Definitions. |
| NAC 319.509. “Household income” defined. |
| NAC 319.513. “Median income for this State” defined. |
| NAC 319.516. “Participating lending institution” defined. |
| NAC 319.519. “Program to purchase second mortgage loans for down payments or closing costs” defined. |
| NAC 319.523. “Qualified applicant” defined. |
| NAC 319.526. “Qualified participating lending institution” defined. |
| NAC 319.529. “Qualified residence” defined. |
| NAC 319.533. “Second deed of trust” defined. |
| NAC 319.536. “Second deed of trust note” defined. |
| NAC 319.539. “Second mortgage loan” defined. |
| NAC 319.545. Determination of money available; selection of participating lending institutions; notice of acceptance. |
| NAC 319.549. Agreements for purchase and sale of second mortgage loans. |
| NAC 319.553. Criteria for qualified applicant. |
| NAC 319.556. Service of second mortgage loans by Division. |
| NAC 319.559. Requirements for second mortgage loans. |
| DEFERRED MORTGAGE LOANS FOR DOWN PAYMENTS AND CLOSING COSTS |
| NAC 319.562. Definitions. |
| NAC 319.5625. “Area median purchase price” defined. |
| NAC 319.563. “Deferred loan agreement” defined. |
| NAC 319.5635. “Deferred loan program for down payments or closing costs” defined. |
| NAC 319.564. “Deferred mortgage loan” defined. |
| NAC 319.5645. “Eligible applicant” defined. |
| NAC 319.565. “Eligible residence” defined. |
| NAC 319.5655. “Household income” defined. |
| NAC 319.566. “Median family income” defined. |
| NAC 319.5665. “Participating lending institution” defined. |
| NAC 319.567. “Second deed of trust” defined. |
| NAC 319.5675. Qualifications of eligible applicant. |
| NAC 319.568. Requirements for deferred mortgage loans. |
| ASSISTANCE FROM GENERAL RESERVE TRUST |
| NAC 319.572. Definitions. |
| NAC 319.574. “General Reserve Trust” defined. |
| NAC 319.576. “Project” defined. |
| NAC 319.578. “Residential use” defined. |
| NAC 319.580. Determination of availability of money in Trust. |
| NAC 319.584. Submission and approval of applications; fee; terms of assistance. |
| NAC 319.586. Determination of whether project will receive assistance. |
| NAC 319.588. Loans: Purposes; methods of guaranteeing repayment. |
| NAC 319.590. Loans: Execution of documents; assignment or sale. |
| NAC 319.592. Required period of tenancy for certain persons. |
| NAC 319.594. Examination of sponsor’s books, accounts and records. |
| LOANS FOR MULTIPLE-UNIT HOUSING AND SITES FOR MOBILE HOMES |
| NAC 319.600. Definitions. |
| NAC 319.610. “Eligible tenant” defined. |
| NAC 319.620. “Family” defined. |
| NAC 319.660. “Program” defined. |
| NAC 319.670. “Project” defined. |
| NAC 319.680. “Residential use” defined. |
| NAC 319.682. “Senior project” defined. |
| NAC 319.684. “Special needs project” defined. |
| NAC 319.686. “Sponsor” defined. |
| NAC 319.688. “Volume cap” defined. |
| NAC 319.690. Loans for projects. |
| NAC 319.700. Application for loan: Requirements; fee to be established. |
| NAC 319.710. Selection of projects. |
| NAC 319.711. Priorities for allocation of volume cap for projects. |
| NAC 319.7115. Prerequisites for project to receive volume cap from Division. |
| NAC 319.712. Prerequisites for submission of project to State Board of Finance for approval. |
| NAC 319.7125. Prerequisites required of sponsor to receive financing. |
| NAC 319.713. Issuance of taxable and tax-exempt bonds; use of proceeds. |
| NAC 319.7135. Percentage requirements of bonds. |
| NAC 319.714. Payment of cost of issuance of bonds. |
| NAC 319.7145. Review of contract for sale of land. |
| NAC 319.715. Credit enhancement. |
| NAC 319.7155. Amortization. |
| NAC 319.716. Prepayment. |
| NAC 319.7165. Nonrecourse loans. |
| NAC 319.717. Conversion to nonrecourse financing. |
| NAC 319.7175. Property ownership; obligations unrelated to project. |
| NAC 319.718. Debt service coverage. |
| NAC 319.7185. Escrow required of sponsor. |
| NAC 319.719. Loan to value percentage. |
| NAC 319.7195. Subordinate financing. |
| NAC 319.721. Regulatory agreement. |
| NAC 319.7215. Display of sign concerning financing of project. |
| NAC 319.722. Profit and overhead for developer; maximum interest rate on deferred note. |
| NAC 319.7225. Profit and overhead for contractor. |
| NAC 319.723. Assumption of loan. |
| NAC 319.725. Federally insured, guaranteed or subsidized loan required if project sponsored by certain partnerships. |
| NAC 319.730. Obligation of sponsor. |
| NAC 319.740. Interest rate. |
| NAC 319.750. Yield on loans. |
| NAC 319.760. Persons prohibited from purchasing obligations of Division. |
| NAC 319.770. Inspections to determine compliance. |
| NAC 319.780. Consent to jurisdiction of district courts. |
| NAC 319.790. Eligibility of tenant. |
| LOANS FOR CONSERVATION OF ENERGY |
| NAC 319.800. Definitions. |
| NAC 319.802. “Eligible borrower” defined. |
| NAC 319.804. “Loan to conserve energy” defined. |
| NAC 319.806. “Multiple-unit housing” defined. |
| NAC 319.808. “Program” defined. |
| NAC 319.810. “Residential use” defined. |
| NAC 319.812. Purpose. |
| NAC 319.814. Invitation for lending institutions to apply to sell loans. |
| NAC 319.816. Acceptance of application to sell loans. |
| NAC 319.818. Obligation of Division to purchase loan. |
| NAC 319.820. Contents of notice of acceptance. |
| NAC 319.822. Requirements for loan. |
| NAC 319.824. Requirements for loan for mobile home. |
| NAC 319.826. Loans to finance certain improvements. |
| NAC 319.828. Expected life of equipment and materials purchased with proceeds of loan. |
| NAC 319.830. Equipment and materials that need not be approved before loan is made. |
| NAC 319.832. Equipment and materials that must be approved before loan is purchased; prohibition against certain use of proceeds of loan. |
| NAC 319.834. Yield on loans. |
| NAC 319.836. Examination of books and records of originator or servicer of loan. |
| NAC 319.838. Consent to jurisdiction of district courts. |
| NAC 319.840. Service of loans purchased by Division. |
| NAC 319.842. Persons prohibited from purchasing obligations of Division. |
| ACQUISITION AND SALE OF LAND |
| NAC 319.850. Definitions. |
| NAC 319.852. Purpose. |
| NAC 319.854. Acquisition of land. |
| NAC 319.856. Financing for eligible housing. |
| NAC 319.858. Acceptance of applications. |
| NAC 319.860. Determination of sales price of land; acquisition of land. |
| NAC 319.862. Sale of land to sponsor. |
| NAC 319.864. Conditions for sale of land to sponsor. |
| NAC 319.866. Establishment of standards to determine prices, income and other requirements for eligible families or persons with special needs. |
| NAC 319.868. Examination of books and records of sponsor. |
| NAC 319.870. Consent to jurisdiction of district courts. |
| NAC 319.872. Persons prohibited from purchasing obligations of Division. |
| ACCOUNT FOR LOW-INCOME HOUSING |
| NAC 319.885. Definitions. |
| NAC 319.8855. “Account” defined. |
| NAC 319.887. “Eligible family” defined. |
| NAC 319.893. “Housing authority” defined. |
| NAC 319.895. “Local government” defined. |
| NAC 319.897. “Local share” defined. |
| NAC 319.8985. “Participating jurisdiction” defined. |
| NAC 319.899. “Project” defined. |
| NAC 319.906. Entities eligible to apply for money. |
| NAC 319.908. Eligibility of entity in limited partnership with for-profit organization. |
| NAC 319.910. Allocation and administration of money by Division. |
| NAC 319.912. Balance required before distribution; notice of solicitation of proposals; deadline for submission of proposals. |
| NAC 319.914. Solicitation of proposals and notification of money available following initial round of funding. |
| NAC 319.916. Submission of proposals between rounds of funding. |
| NAC 319.918. Proposals for projects not sought through local participating jurisdiction. |
| NAC 319.920. Refusal to consider proposal for failure to perform certain obligations. |
| NAC 319.922. Evaluation of proposals and determination of money awarded by participating jurisdiction; evaluation and approval of proposals by Division. |
| NAC 319.940. Execution of documents by successful applicants. |
| NAC 319.942. Distribution of money to other entities in lieu of Division of Welfare and Supportive Services. |
| NAC 319.944. Auditing of projects receiving money. |
| NAC 319.946. Periodic reports on use of money received. |
| NAC 319.948. Return of money to Division: Failure to use within 3 years. |
| NAC 319.950. Return of money to Division: Defunct projects; failure to benefit eligible families. |
| TAX CREDITS FOR LOW-INCOME HOUSING |
| NAC 319.951. Definitions. |
| NAC 319.953. “Applicant” defined. |
| NAC 319.955. “Code” defined. |
| NAC 319.956. “Compliance period” defined. |
| NAC 319.957. “Day” defined. |
| NAC 319.958. “Declaration of restrictive covenants and conditions” defined. |
| NAC 319.961. “Project sponsor” defined. |
| NAC 319.962. “Qualified allocation plan” defined. |
| NAC 319.964. “State ceiling” defined. |
| NAC 319.965. “Tax credit” defined. |
| NAC 319.967. Compliance with qualified allocation plan; action or statement by Division not implied or express representation or warranty of financial feasibility. |
| NAC 319.968. Recording of declaration of restrictive covenants and conditions. |
| NAC 319.970. Annual plan: Publication by Division; contents; application form. |
| NAC 319.971. Annual plan: Public hearings before adoption; notice of hearing; adoption; training sessions; fees. |
| NAC 319.972. Initial apportionment of tax credits; set-aside accounts; priorities; preference points; reservation of tax credits; unused tax credits. |
| NAC 319.974. Application: Submission; grounds for rejection; review and retention of rejected applications; subsequent reservation rounds. |
| NAC 319.975. Application: Review and determination of eligibility for reservation or award of tax credits; written notice to applicant; request for review of determination; restriction. |
| NAC 319.977. Application: Tentative ranking; proposed reservation of tax credits; request for review by Administrator; proposed reservation subject to change. |
| NAC 319.978. Final determination of reservation of tax credits; written notice to applicant; change in status of applicant; liability of Division. |
| NAC 319.979. Submission of progress report by project sponsor. |
| NAC 319.980. Carryover of reserved tax credits; written request; report of compliance with certain provisions of Code; limitation on carryover. |
| NAC 319.981. Closure of project after receiving reservation of tax credits; extension of time; termination of reservation; reapplication; fees. |
| NAC 319.983. Submission of final application for tax credits upon completion of project; determination of amount of award; additional statements and forms. |
| NAC 319.985. Receipt of application, notice or other document; computation of time. |
| NAC 319.986. Eligibility for reservation or award of tax credits; inspections by Division; additional conditions and requirements. |
| NAC 319.987. Determination of financial feasibility; analysis of pro forma by Division; additional criteria, assumptions and limitations. |
| NAC 319.988. Eligibility of nonprofit organization for reservation of tax credits; priority ranking; requirements upon final award. |
| NAC 319.989. Criteria for award of preference points. |
| NAC 319.990. Ranking of certain projects that receive equal number of preference points. |
| NAC 319.991. Calculation of reservation of tax credits; qualified census tracts; subsequent allocation rounds. |
| NAC 319.992. No award if amount of tax credits requested or required for project exceeds certain amount. |
| NAC 319.993. Calculation of final award of tax credits. |
| NAC 319.996. Projects financed by tax-exempt bonds: Applicability of certain provisions; application for tax credits. |
| NAC 319.998. Fees. |
| NAC 319.999. Limitation on amount of developer’s fee for certain projects. |