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Homebuyers Assistance, Homeowner
Rehabilitation
Income Guidelines
Applicants must meet the HOME income limit guidelines.
Homebuyer Assistance
1. Funds must be used to purchase a primary residence, however, if you
presently own a home, disposition of title must be concurrent with, or prior
to, close of escrow for the new property (Local jurisdictions may restrict
funding for first-time homebuyers only);
2. Property must be owner occupied (property may not be sub-leased);
3. Available only for dwellings which qualify as real property (i.e.
mobile homes must be affixed to a foundation).
Homeowner Rehabilitation
1. Property must be owner occupied;
2. Property must meet HOME maximum and minimum subsidy limits (the
amount of funds allowed per unit);
3. After-rehabilitation property
value must not exceed 95 percent of the
median property value limit for the area
as determined by HUD;
4. Property must meet, at a minimum, the Section 8 Housing Quality
Standards.
Please
contact the following for information
and assistance with any of the above:
Clark
County Area:
Clark County Community Resource
Management
(702) 455-5025
City of Las Vegas
(702) 229-6417
City of
Henderson
(702) 565-2164
Washoe
County Area:
City of Reno
Western
Nevada Development District
(Lyon County, Carson
City, Pershing County, Douglas
County, Storey County, Mineral County
and Churchill County)
All
other counties:
Rural Nevada Development Corporation (RNDC)
1-866-404-5204 or
(775) 289-8519
Nevada Housing
Division (775) 687-4258 or
1-800-227-4960, ext. 222 or 265
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