Homeowner Assistance Fund Nevada
Overview of Treasury Guidance (cont.)
❖Treasury has awarded Nevada just under $121 Million
Nevada may use up to 15% of funds for administrative expenses
❖ Nevada may use up to 5% of funds to support housing counseling and
legal service providers in a limited capacity.
All funds shall assist homeowners with incomes at or less than 150% of the
area median income (AMI).
❖ Treasury target requirements:
* 60% of funds shall assist homeowners earning no greater than 100
percent of AMI or 100% of the median income for the United States,
whichever is greater.
❖ Nevada AMI - $75,100
United States median income $79,900
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Prioritization will be made to "socially disadvantaged individuals,"
which include individuals who have been subjected to racial or ethnic
prejudice or cultural bias as defined in the HAF Guidance provided by
Treasury.
www.NAHAC.org
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