NRS 319.265
Requirements for regulations adopted by Division that establish program for financing certain residential housing projects.

1.

If the Division adopts regulations which establish a program for the financing of projects, the regulations must not include any provision which restricts or requires the deferral of more than 60 percent of the payment of profits and overhead to a developer of a project that is:

(a)

Constructed, developed, financed or insured in whole or in part through any program established by the United States Department of Housing and Urban Development; and

(b)

Secured by a performance bond,
Ê except that such regulations may establish the maximum amount of pro forma profit and overhead for a developer of a project as a percentage of the appraised value of the project.

2.

As used in this section, “project” means a housing facility for residential use which consists of two or more dwelling units for occupancy by eligible tenants on a rental basis. The term includes property which is to be leased, purchased or developed for sites for multifamily housing and upon which the Division takes a security interest and records a regulatory agreement, whether the Division issues bonds, a mortgage loan or a letter of credit for the lease, purchase or development of the multifamily housing.

Source: Section 319.265 — Requirements for regulations adopted by Division that establish program for financing certain residential housing projects., https://www.­leg.­state.­nv.­us/NRS/NRS-319.­html#NRS319Sec265.

319.020
Legislative findings and declaration 319.030
Definitions. 319.040
“Administrator” defined. 319.042
“Affordable housing” defined. 319.045
“Collateralized mortgage obligation” defined. 319.050
“Division” defined. 319.060
“Eligible family” defined. 319.070
“Governmental agency” defined. 319.090
“Lending institution” defined. 319.100
“Mortgage” defined. 319.110
“Mortgage loan” defined. 319.115
“Person with a disability” defined. 319.120
“Real property” defined. 319.130
“Residential housing” defined. 319.135
“Sponsor” defined. 319.140
General powers and duties of Division 319.141
Housing Advocate: Creation of position 319.143
Division required to create and maintain statewide low-income housing database 319.145
Designation as housing credit agency 319.147
Certification of assisted living facilities: Requirements 319.167
Division may enter into instruments, agreements and other transactions for certain purposes. 319.169
Account for Housing Inspection and Compliance: Creation 319.170
Funds and accounts 319.171
Investment in collateralized mortgage obligations or trusts. 319.172
Authority to make loans of investment securities. 319.173
Advisory Committee on Housing: Creation 319.174
Advisory Committee on Housing: Creation 319.190
Authority to make loans and issue letters of credit. 319.200
Terms and conditions of mortgage loan. 319.210
Investment in mortgages. 319.220
Mortgages in default: Foreclosure 319.230
Loans to or purchase of securities from lending institutions 319.235
Financing rental sites for mobile homes and equipment for conservation of energy in residential dwelling units. 319.240
Lending fees and charges. 319.250
Insurance. 319.260
Prerequisites to financing residential housing. 319.265
Requirements for regulations adopted by Division that establish program for financing certain residential housing projects. 319.267
Duty of certain owners of residential housing to submit quarterly report to Aging and Disability Services Division of Department of Health and Human Services. 319.270
Notes and bonds: Issuance 319.290
Notes and bonds: Pledges as security. 319.300
Bonds: Trust indentures as security. 319.310
Notes and bonds: Guarantees of payment. 319.320
Notes and bonds: Redemption 319.323
Issuance of collateralized mortgage obligations 319.325
Division may provide that bonds, notes or loans be insured or secured 319.327
Exemption of interest on Division’s bonds from federal income taxation: Waiver 319.330
Refunding obligations: Issuance, sale and exchange. 319.340
Bond reserve funds: Establishment 319.350
Bond reserve funds: Limitations. 319.360
Bond reserve funds: Purpose 319.370
Remedies of bondholders and noteholders. 319.380
Pledge against impairment of holders’ rights and remedies 319.390
Notes and bonds as legal investments. 319.500
Creation 319.510
Use and distribution of money in Account. 319.520
Regulations concerning distribution and use of money in Account 319.530
Pets must be allowed in housing acquired, constructed or rehabilitated with money from Account 319.900
False statements
Last Updated

Jun. 24, 2021

§ 319.265’s source at nv​.us