AB 540
Revises provisions relating to governmental administration. (BDR 25-1036)
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- Passed Assembly
- Passed Senate
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Bill overview
This bill establishes the Nevada Attainable Housing Account in the State General Fund to support the development and preservation of affordable housing. It authorizes the Housing Division to distribute funds to eligible entities for various expenditures related to attainable housing, including loans, grants, and land acquisition. The bill also creates a Nevada Attainable Housing Council to oversee the account's administration and requires matching funds from eligible entities. Furthermore, it revises the statewide low-income housing database and addresses contractor licensing for rural areas to support attainable housing projects.
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Primary sponsor
Assembly Committee on Government Affairs
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