Any landlord owning a rental property located in Clark County is eligible.
However, the landlord will be required to meet both the county's and the private lender's lending requirements. Owners of rental property participating in the program must agree to rent to low or moderate income families for a period of five years or the term of the loan, whichever is less. These limits are adjusted annually. The owners must also agree to maintain the rents at the present level, except for increases to cover loan payback and inflation. Rents must also meet a rent reasonableness standard.