Nevada Affordable Housing

“A draft of the form 990 is presented to the governing board and approved by the board chairperson prior to filing.”

“The board of directors reviews the conflict of interest policy and makes updates as determined necessary.”

“The ceo's compensation is reviewed and approved by the governing board.”

“The compensation of other employees is reviewed and approved by the ceo.”

“Governing documents are made available upon request.”

“The mission of nahac is to provide funds, subsidies, and/or benefits to nevada homeowners or other targeted groups of individuals within the state of nevada in order to assist with affordable or subsidized single or multi-family housing. At a minimum, this will encompass consistently determining what the specific needs of nevada homeowners are, and any other applicable needs of the individual communities therein. Liaisons with public and private partners, as applicable, will be consistently sought to achieve this overarching objective. The nahac qualified and trained team of professionals will provide this service in an efficient and effective manner, making the needs of eligible nevada homeowners its top daily priority.”

“Unemployment mortgage assistance program (uma)- provides temporary financial assistance to eligible nevada homeowners who wish to remain in their homes but have suffered a loss of income due to unemployment or underemployment. At least one homeowner must have experienced involuntary job loss due to the pandemic that occurred on or after january 21, 2020 and must be unemployed at time of the application review. The program will assist the household with up to twelve (12) months of forward payments until the homeowner regains employment. The assistance will also include reinstatement of the delinquent first mortgage loan, nonescrowed taxes, hoa fees, lot rent, and homeowners insurance. Mortgage reinstatement assistance program (mrap)- provides reinstatement assistance to qualified eligible nevada homeowners in default who have experience a financial hardship due to the pandemic on or after january 21, 2020. Qualified homeowners will receive assistance with reinstatement of the homeowner's mortgage and will include any household related expenses such as property taxes, homeowner's insurance, hoa fees, and lot rent. Partial claim or deferred balance program - provides assistance to nevada homeowners that received a covid-related partial claim or deferment from their mortgage servicer that occured on or after january 21, 2020.”