Nev. Admin. Code § 319.718

Current through October 11, 2024

Section 319.718 - Debt service coverage

Except as otherwise provided in this section, the projected ratio for debt service coverage for each project must be a minimum of 1.20:1.00. The Division may approve a projected ratio for a project which is enhanced by the Federal Housing Administration or another federal agency if the ratio is consistent with the criteria established by the applicable program of those agencies.

Nev. Admin. Code § 319.718

Added to NAC by Housing Div. by R093-00, eff. 11-20-2000; A by R114-14, eff. 10/27/2015

NRS 319.140