Nevada § 319.260 - Prerequisites to financing residential housing
Full text of Nevada Nevada Revised Statutes § 319.260 — Prerequisites to financing residential housing, with citation guidance and answers to common questions.
§ 319.260. Prerequisites to financing residential housing
The Division shall not finance any residential housing unless, prior to such financing,
the Administrator finds that: 1. There exists a shortage of decent, safe and sanitary housing at rentals or prices
which eligible families can afford within the general housing market area as determined
by the Administrator. 2. Private enterprise and investment have been unable, without assistance, to provide
an adequate supply of decent, safe and sanitary housing in such housing market area
at rentals or prices which persons or families of low and moderate income can afford
or to provide sufficient mortgage financing for residential housing for occupancy
by such persons or families. 3. The proposed residential housing will increase the supply or improve the quality
of decent, safe and sanitary housing for eligible families. 4. The residential housing to be developed or assisted by the Division pursuant to
the provisions of this chapter will be of public use and will provide a public benefit. 5. The Division's estimates of its revenues from the financing of the residential
housing, together with all subsidies, grants or other financial assistance from governmental
agencies or other entities to be received in connection with the residential housing,
will be sufficient to pay the amount estimated by the Division as necessary for debt
service on its notes and bonds to be issued for the financing of the residential housing.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 319.260
What does Nevada Revised Statutes § 319.260 cover?
Section 319.260 ("Prerequisites to financing residential housing") 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 § 319.260?
A common citation format is "Nevada Revised Statutes § 319.260" (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 § 319.260 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.