Nev. Admin. Code § 319.7195

Current through November 8, 2024

Section 319.7195 - Subordinate financing

A project may receive subordinate financing that is not bond or tax-credit financed, for up to 98 percent of the appraised value of the project if the subordinate financing is serviced by not more than 75 percent of projected available cash flow.

Added to NAC by Housing Div. by R093-00, eff. 11-20-2000

NRS 319.140