Nevada § 319.410 Definitions

Nevada Statutes

§ 319.410 — Definitions

Nevada § 319.410

Title 25PUBLIC ORGANIZATIONS FOR COMMUNITY SERVICE

Ch. 319Assistance

AFFORDABILITY RESTRICTIONS ON CERTAIN HOUSING

This text of Nevada § 319.410 (Definitions) is published on Counsel Stack Legal Research, covering Nevada primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Nev. Rev. Stat. § 319.410 (2026).

Text

As used in NRS 319.410 to 319.440, inclusive, unless the context otherwise requires: 1. “Affordability restriction” means a limit on rent that an owner may charge for occupancy of a dwelling unit in a project or a limit on the income of tenants for persons or families seeking to qualify as tenants in a project. 2. “Federal low-income housing tax credit” has the meaning ascribed to it in NRS 360.863 . 3. “Owner” means a person who has an ownership interest in a project. 4. “Project” means a residential housing development consisting of one or more dwelling units that:

(a)Has been financed in whole or in part by tax credits relating to low-income housing, including, without limitation, the federal low-income housing tax credit, or any other money provided by a governmental agency, for which

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As used in NRS 319.410 to 319.440, inclusive, unless the context otherwise requires:
1. “Affordability restriction” means a limit on rent that an owner may charge for occupancy of a dwelling unit in a project or a limit on the income of tenants for persons or families seeking to qualify as tenants in a project.
2. “Federal low-income housing tax credit” has the meaning ascribed to it in NRS 360.863 .
3. “Owner” means a person who has an ownership interest in a project.
4. “Project” means a residential housing development consisting of one or more dwelling units that:
(a) Has been financed in whole or in part by tax credits relating to low-income housing, including, without limitation, the federal low-income housing tax credit, or any other money provided by a governmental agency, for which compliance is administered by the Division; and
(b) Is subject to an affordability restriction.
5. “Qualified contract” has the meaning ascribed to it in 26 U.S.C. § 42.
6. “Qualified low-income housing project” has the meaning ascribed to it in 26 U.S.C. § 42.
7. “Tenant” has the meaning ascribed to it in NRS 118A.170 .