Nevada Revised Statutes 279A.100 – Preference to applicants with low income and applicants that are organizations which serve natural persons with low income; conditions
Current as of: 2022 | Check for updates
|
Other versions
If at any time the aggregate amount represented by pending applications from qualified applicants for loans for the rehabilitation of residential property exceeds the amount available in the fund, the governing body shall give preference to:
Terms Used In Nevada Revised Statutes 279A.100
- Fund: means a revolving fund for loans for the rehabilitation of residential property. See Nevada Revised Statutes 279A.020
- Governing body: means the governing body of a county or city. See Nevada Revised Statutes 279A.020
- Rehabilitation: includes structural improvements, landscaping and any other measure to improve the appearance of property or maintain property in a decent, safe and sanitary condition. See Nevada Revised Statutes 279A.020
1. Applicants who are members of households having a gross income that is 50 percent or less of the median gross income for households of the same size within the same geographic area; and
2. Applicants that are organizations which serve natural persons described in subsection 1.