Nevada § 231.3725 - Application for certificate of eligibility; required documentation; contents of application

§ 231.3725. Application for certificate of eligibility; required documentation; contents of application

1. On behalf of a project, the lead participant in the project may apply to the Office

for a certificate of eligibility for matching funds of up to $100,000,000 to be used

exclusively for the acquisition, construction, installation and equipping of a qualified

project. 2. For a project to be eligible for the matching funds described in subsection 1,

the lead participant of the project must, on behalf of the project: (a) Submit an application that meets the requirements of subsection 3; (b) Provide documentation satisfactory to the Office that approval of the application

would: (1) Facilitate the economic development of this State; (2) Aid the implementation of the State Plan for Economic Development developed by

the Executive Director pursuant to subsection 2 of NRS 231.053 ; and (3) Increase the workforce in this State by helping those persons experiencing homelessness

or at risk of becoming homeless to transition from experiencing homelessness or being

at risk of homelessness to being economically self-sufficient. 3. An application submitted pursuant to subsection 2 must include: (a) Documentation satisfactory to the Office that the project meets all of the requirements

of a qualified project described in NRS 231.3727 ; (b) A detailed business plan containing an outline of services to be provided by the

project, capital construction financing, operational revenues and expenditures, governance

structure, the core operating team and a plan for capital maintenance; (c) The total cost of the project, which shall not be less than $150,000,000; (d) Documentation satisfactory to the Office that the qualified project is reasonably

expected to: (1) Increase the workforce in this State by promoting greater opportunities for economic

self-sufficiency; (2) Improve the mental and physical well-being of persons at risk of becoming homeless; (3) Reduce the incidence of homelessness in areas of acute risk and impact; (4) Decrease long-term reliance on social services and public assistance programs; (5) Increase the opportunity for services integration and collaboration; and (6) Reduce criminal activity and recidivism and increase the share of the population

with employable job skills; (e) A summary of the relationship between and roles and responsibilities of the lead

participant and the other participants in the project; (f) A detailed description of the location or locations of the project, including,

without limitation, a precise description of the geographic boundaries of the project

site or sites; (g) The name and business address of each participant in the project, which must be

an address in this State; (h) A detailed description of the plan by which the lead participant and the other

participants in the project intend to comply with the requirement that the participants

collectively make a total capital investment not less than $75,000,000 in the 5-year

period immediately following approval of the application; (i) Documentation satisfactory to the Office that the lead participant has the financial

ability and operational expertise to effectively develop and operate the project; (j) Documentation satisfactory to the Office that the participants in the project

are engaged in a common purpose or business endeavor; (k) Documentation satisfactory to the Office that the place of business of each participant

is or will be located within the geographic boundaries of the project site or sites; (l) Documentation satisfactory to the Office that each participant in the project

is registered pursuant to the laws of this State or commits to obtaining a valid business

license and all other permits required by the county, city or town in which the project

operates; (m) Documentation satisfactory to the Office of the number of employees engaged or

anticipated to be engaged in the construction of the project; (n) Documentation satisfactory to the Office of the number of qualified employees

employed or anticipated to be employed at the project by the participants; (o) Documentation satisfactory to the Office of the number of individuals expected

to be served by the project; (p) Documentation satisfactory to the Office that each employer engaged in the construction

of the project provides a plan of health insurance and that each employee engaged

in the construction of the project is offered coverage under the plan of health insurance

provided by his or her employer; (q) Documentation satisfactory to the Office that at least 50 percent of the employees

engaged or anticipated to be engaged in construction of the project and 50 percent

of the employees employed at the project are residents of Nevada, unless waived by

the Executive Director of the Office upon proof satisfactory to the Executive Director

of the Office that there is an insufficient number of residents of Nevada available

and qualified for such employment; (r) An agreement to provide the Office with a compliance report for the project at

the end of each calendar quarter during construction and at the end of each fiscal

year during all the years of operations, which: (1) Provides the amount of money invested in the project; (2) Provides the number of employees engaged in the construction of the project; (3) Provides the number of employees employed at the project; (4) Provides the total number of persons served by the project, including, without

limitation, the number of persons placed in permanent housing and verifiable employment;

and (5) Meets any other requirements prescribed by the Office; and (s) Any other information deemed necessary and appropriate by the Executive Director.