Nevada § 279B.040 - Qualifications for rehabilitation
Full text of Nevada Nevada Revised Statutes § 279B.040 — Qualifications for rehabilitation, with citation guidance and answers to common questions.
§ 279B.040. Qualifications for rehabilitation
1. An applicant for rehabilitation of abandoned residential property must, at the
time application is made: (a) Be a natural person who: (1) Is a resident of the city or an unincorporated area of the county, as the case
may be; (2) Is a member of a household having a gross income of less than 120 percent of the
median gross income for households of the same size residing in the same county or
city, as applicable, as that percentage is defined by the United States Department
of Housing and Urban Development; (3) Intends to reside on the abandoned residential property for which the rehabilitation
is sought; (4) Has the financial resources to rehabilitate the abandoned residential property
in accordance with the terms of the agreement; (5) Has the ability to complete the rehabilitation within a reasonable time and maintain
the property in a decent, safe and sanitary condition; and (6) Meets such other requirements as are imposed by the governing body; or (b) Be an organization that: (1) Is recognized as exempt pursuant to 26 U.S.C. § 501(c)(3) or 501(c)(4) ; (2) Provides affordable housing to natural persons who meet the criteria set forth
in subparagraphs (1) and (2) of paragraph (a); and (3) Has the financial resources to rehabilitate the abandoned residential property
in accordance with the terms of the agreement. 2. Any abandoned residential property for which an application for the rehabilitation
is sought must be: (a) Entirely situated within the boundaries of the city or within an unincorporated
area of the county, as the case may be; (b) Capable of rehabilitation within reasonable limits; and (c) Subject to not more than two encumbrances.
Frequently Asked Questions About Nevada § 279B.040
What does Nevada Revised Statutes § 279B.040 cover?
Section 279B.040 ("Qualifications for rehabilitation") is part of the Nevada Revised Statutes, the codified statutory law of Nevada. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Nevada § 279B.040?
A common citation format is "Nevada Revised Statutes § 279B.040" (Nevada). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Nevada law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nevada official source linked on this page or consult a licensed Nevada attorney.
How does Nevada § 279B.040 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nevada can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Nevada.