Nev. Admin. Code § 319.790

Current through December 12, 2024

Section 319.790 - Eligibility of tenant

1. The Division will determine the maximum levels of income and other requirements for eligible tenants after considering:

(a) The median income of residents of each county in the State;

(b) The requirements and standards, including maximum levels of income, of applicable federal and state statutes and regulations;

(c) The size of the tenant's family; and

(d) Any other factor which it deems relevant.

2. A family's financial eligibility is determined by the family's verified gross income, including:

(a) Salary or wages;

(b) Income from overtime;

(c) Tips;

(d) Income from part-time employment;

(e) Bonuses;

(f) Dividends;

(g) Interest;

(h) Royalties;

(i) Pensions;

(j) Compensation received from the Department of Veterans Affairs;

(k) Net rental income;

(l) Alimony;

(m) Payments for child support;

(n) Public assistance;

(o) Compensation for disability;

(p) Payments received from social security;

(q) Compensation for unemployment;

(r) Military allowances;

(s) Income received from business activities or investments; and

(t) Income received from trusts.

Nev. Admin. Code § 319.790

Housing Division, Loans for Multifamily Homes Reg. §8, eff. 7-23-80-NAC A 4-13-88; A by R078-24A, eff. 9/10/2024

NRS 319.140