Nevada § 319.510 - Use and distribution of money in Account

§ 319.510. Use and distribution of money in Account

1. Except as otherwise provided in subsection 2, money deposited in the Account for

Affordable Housing must be used: (a) For the acquisition, construction or rehabilitation of affordable housing for

eligible families by public or private nonprofit charitable organizations, housing

authorities or local governments through loans, grants or subsidies; (b) To provide technical and financial assistance to public or private nonprofit charitable

organizations, housing authorities and local governments for the acquisition, construction

or rehabilitation of affordable housing for eligible families; (c) To provide funding for projects of public or private nonprofit charitable organizations,

housing authorities or local governments that provide assistance to or guarantee the

payment of rent or deposits as security for rent for eligible families, including

homeless persons; (d) To reimburse the Division for the costs of administering the Account; (e) To assist eligible persons by supplementing their monthly rent for the manufactured

home lots, as defined by NRS 118B.016 , on which their manufactured homes, as defined by NRS 118B.015 , are located; and (f) In any other manner consistent with this section to assist eligible families in

obtaining or keeping affordable housing, including use as the State's contribution

to facilitate the receipt of related federal money. 2. Except as otherwise provided in this subsection, the Division may expend money

from the Account as reimbursement for the necessary costs of efficiently administering

the Account and any money received pursuant to 42 U.S.C. §§ 12701 et seq. In no case may the Division expend more than $40,000 per year or an amount equal

to 6 percent of any money made available to the State pursuant to 42 U.S.C. §§ 12701 et seq., whichever is greater. In addition, the Division may expend not more than $175,000 per year from the Account

to create and maintain the statewide low-income housing database required by NRS 319.143 . The Division may expend not more than $75,000 per year of the money deposited in

the Account pursuant to NRS 375.070 for the purpose set forth in paragraph (e) of subsection 1. Of the remaining money allocated from the Account: (a) Except as otherwise provided in subsection 3, 15 percent must be distributed to

the Division of Welfare and Supportive Services of the Department of Health and Human

Services for use in its program developed pursuant to 45 C.F.R. § 233.120 , as that section existed on December 4, 1997, to provide emergency assistance to

needy families with children, subject to the following: (1) The Division of Welfare and Supportive Services shall adopt regulations governing

the use of the money that are consistent with the provisions of this section. (2) The money must be used solely for activities relating to affordable housing that

are consistent with the provisions of this section. (3) The money must be made available to families that have children and whose income

is at or below the federally designated level signifying poverty. (4) All money provided by the Federal Government to match the money distributed to

the Division of Welfare and Supportive Services pursuant to this section must be expended

for activities consistent with the provisions of this section. (b) Eighty-five percent must be distributed to public or private nonprofit charitable

organizations, housing authorities and local governments for the acquisition, construction

and rehabilitation of affordable housing for eligible families, subject to the following: (1) Priority may be given to those projects that provide a preference for: (I) Women who are veterans; (II) Women who were previously incarcerated; (III) Survivors of domestic violence; (IV) Elderly women who do not have stable or adequate living arrangements; and (V) Unmarried persons with primary physical custody of a child. (2) Priority must be given to those projects that qualify for the federal tax credit

relating to low-income housing. (3) Priority must be given to those projects that anticipate receiving federal money

to match the state money distributed to them. (4) Priority must be given to those projects that have the commitment of a local government

to provide assistance to them. (5) All money must be used to benefit families whose income does not exceed 120 percent

of the median income for families residing in the same county, as defined by the United

States Department of Housing and Urban Development. (6) Not less than 15 percent of the units acquired, constructed or rehabilitated must

be affordable to persons whose income is at or below the federally designated level

signifying poverty. For the purposes of this subparagraph, a unit is affordable if a family does not

have to pay more than 30 percent of its gross income for housing costs, including

both utility and mortgage or rental costs. (7) To be eligible to receive money pursuant to this paragraph, a project must be

sponsored by a local government. 3. The Division may, pursuant to contract and in lieu of distributing money to the

Division of Welfare and Supportive Services pursuant to paragraph (a) of subsection

2, distribute any amount of that money to private or public nonprofit entities for

use consistent with the provisions of this section.