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:
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.
(Added to NRS by 1987, 2205; A 2005, 1305)
Structure Nevada Revised Statutes
Chapter 279A - Rehabilitation of Property in Residential Neighborhoods
NRS 279A.010 - Legislative findings and declarations.
NRS 279A.030 - County or city may establish program; contents of ordinance.
NRS 279A.040 - Loan for rehabilitation: Qualifications.
NRS 279A.050 - Loan for rehabilitation: Duties of agency.
NRS 279A.090 - Deposit of payments in fund; availability of money for future loans.