NRS 319.410: Definitions.

As 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.