Definitions.
Nev. Rev. Stat. § 319.410
in effectAs used in NRS 319.410 to 319.440, inclusive, unless the context otherwise requires:
1. Affordability restriction means a limit on rent that an owner may charge for occupancy of a dwelling unit in a project or a limit on the income of tenants for persons or families seeking to qualify as tenants in a project.
2. Federal low-income housing tax credit has the meaning ascribed to it in NRS 360.863 .
3. Owner means a person who has an ownership interest in a project.
4. Project means a residential housing development consisting of one or more dwelling units that:
(a) Has been financed in whole or in part by tax credits relating to low-income housing, including, without limitation, the federal low-income housing tax credit, or any other money provided by a governmental agency, for which compliance is administered by the Division; and
(b) Is subject to an affordability restriction.
5. Qualified contract has the meaning ascribed to it in 26 U.S.C. § 42.
6. Qualified low-income housing project has the meaning ascribed to it in 26 U.S.C. § 42.
7. Tenant has the meaning ascribed to it in NRS 118A.170 .
Source: NV Statutes (Official Site)URL: https://www.leg.state.nv.us/nrs/NRS-319.htmlFetched: 10/4/2026