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NRS 704.7712

“Qualified low-income residential building” defined

Known as the Utility Environmental Protection Act

The act spans §§ 704–704 (414 sections).

(Added to NRS by 2025, 1726)

“Qualified low-income residential building” means a residential rental building which participates in:

1. A federal covered housing program, as defined in 34 U.S.C. § 12491(a)(3), and is wholly or partially financed by or otherwise connected to a grant or program under:

(a) Section 202 of the Housing Act of 1959, as amended, 12 U.S.C. § 1701q;

(b) Section 811 or sections 851 to 863, inclusive, of the Cranston-Gonzalez National Affordable Housing Act, as amended, 42 U.S.C. § 8013 or §§ 12901 et seq.;

(c) The McKinney-Vento Homeless Assistance Act, as amended, 42 U.S.C. §§ 11360 et seq., including, without limitation, the Emergency Solutions Grants Program, Continuum of Care Program and Rural Housing Stability Assistance Program;

(d) The HOME Investment Partnerships Act, 42 U.S.C. §§ 12741 et seq.;

(e) Section 8 or 9 of the United States Housing Act of 1937, 42 U.S.C. § 1437f or 1437g, and any regulations adopted pursuant thereto, or pursuant to any successor program, including, without limitation, programs for project-based rental assistance, moderate rehabilitation and moderate rehabilitation single-room occupancy;

(f) A low-income housing credit received pursuant to 26 U.S.C. § 42;

(g) Section 1338 of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992, 12 U.S.C. § 4568; or

(h) The following programs administered by the Secretary of Veterans Affairs:

(1) The programs for comprehensive services to homeless veterans set forth in 38 U.S.C. §§ 2011-2016;

(2) The program to assist homeless veterans set forth in 38 U.S.C. § 2061; and

(3) The programs to provide financial assistance and supportive services for very low-income veteran families in permanent housing set forth in 38 U.S.C. §§ 2041 et seq.;

2. A housing assistance program administered by the United States Department of Agriculture under Title V of the federal Housing Act of 1949, Public Law 81-171, as amended, and is wholly or partially financed by or otherwise connected to a grant or program under section 514, 515, 516, 521, 533 or 538 of the Housing Act of 1949, 42 U.S.C. § 1484, 1485, 1486, 1490a, 1490m or 1490p-2, including, without limitation, programs for multifamily preservation and revitalization or multifamily housing rental assistance;

3. A housing program administered by a tribally designated housing entity, as defined in 25 U.S.C. § 4103(22); or

4. Such other affordable housing programs as federal, state or local law may provide.

Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.