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Launchpad Homeownership and Mortgage Credit Certificate Programs

Income and Purchase Price Limits

Non-Targeted Area Purchase Price and Income Limits
MCC and Launchpad Homeownership Programs Only - Effective May 23, 2024

CountyMax. Purchase Price

Max. Income for Households
with 1 or 2 People

Max. Income for Households
with 3+ People
Carson City$523,595$93,081$107,043
White Pine $510,939$95,200$109,480
Targeted Area Information, Income and Purchase Price Limits

Department of Housing and Urban Development (HUD) Qualified Census Tracts, also known as targeted areas, allow for a higher purchase price and increased income limits, and waive the first-time homebuyer requirement for the MCC program. 

Targeted Area Purchase Price and Income Limits
MCC and Launchpad Homeownership Programs Only - Effective May 23, 2024

CountyMax. Purchase Price

Max. Income for Households
with 1 or 2 People

Max. Income for Households
with 3+ People

Qualified Census Tracts (also known as targeted areas)


Find an Address in a Targeted Area

  1. Access the FFIEC Geocoding System to find information about a specific address by clicking this link:
  2. Enter complete address. Select the address from the list that appears or click on the image of the magnifying glass to search the address as entered. 
  3. Compare the "Track Code" with the Qualified Census Tracts chart above.

*Indicates a census tract with eligible and ineligible property addresses based on Nevada Rural Housing's rural jurisdiction. Please verify the property address in this census tract is eligible at

Recapture Tax

Notice of Federal Recapture Tax

Buyers obtaining a mortgage through the Launchpad Homeownership Program or a tax credit through a Mortgage Credit Certificate (MCC) may be required to pay a Federal Recapture Tax if they meet every one of the following 3 provisions at the time of sale:

  • The home is sold within the first 9 years of the purchase date, and
  • A net profit is received from the sale of the home, and
  • Household income at the time of sale exceeds the maximum income limit

Borrowers are not subject to Federal Recapture Tax in the following circumstances:

  • The home is transferred to a spouse, or former spouse, in connection with a divorce where no gain is included
  • The home is destroyed by a casualty, and is repaired or replaced on its original site within 2 years after the end of the tax year when the casualty occurred
  • The home is sold, or otherwise disposed of, as a result of the borrower’s death
  • The home is refinanced – please note that refinancing does not cancel the recapture tax provision, which may still apply if the home is sold within 9 years

Borrowers are more likely to pay Federal Recapture Tax in the following circumstances:

  • Employed in a field with high growth income potential
  • Income is close to the maximum income limit at the time the home is purchased
  • Purchasing a home in a high housing inflation environment

Marital status may change from single at time of purchase to married at time home is sold, or otherwise disposed of

If Federal Recapture Tax is owed, it is not collected at the time of the sale. The Borrower(s) must complete and file IRS Form 8828 with their Federal Tax Return for the year the home is sold, or otherwise disposed of (regardless of whether the Borrower owes Federal Recapture Tax). The IRS Form 8828 provides instructions to calculate and determine if Federal Recapture Tax is owed. Nevada Rural Housing Authority recommends consulting with a professional tax advisor to answer Federal Tax questions.

What is the Federal Recapture Tax?

It’s a Federal Tax a Borrower may be required to pay from the net profit received from the sale or disposition of their home. If required, Federal Recapture Tax is due at the time a Federal Tax Return is filed for the year in which the home is sold, or otherwise disposed of. The maximum Federal Recapture Tax is 6.25% of the original principal balance of the loan or 50% of the net profit earned on the sale of the home, whichever is less.

Notice: Nevada Rural Housing Authority’s Recapture Rebate Program ended on August 1, 2017. MCCs issued on or after August 1, 2017 are not eligible for a recapture tax rebate. For eligible MCCs, please email to request a rebate application.

Have questions? Email us.

Reissuance Application (MCC Only)

Refinancing? Does the existing MCC need to be reissued? Yes!

MCC Reissuance Application (for refinances only)

MCCs must be reissued after refinancing in order for the Borrower to continue claiming the annual Federal Tax Credit. Nevada Rural Housing does not limit the number of times a Borrower may refinance, but the MCC benefit can never increase from the original MCC issued at the time the home is purchased. Please refer to IRS Form 8396 for specific instructions and information.

What documents must be submitted with the MCC Reissuance Application?

Copies of the following documents are required to be submitted to Nevada Rural Housing with the completed MCC Reissuance Application (refer to page 2 of the application):

  • Existing MCC (contact us at if you can’t locate a copy of your existing MCC)
  • Payoff Statement for the previous loan that was just refinanced
  • Final Closing Disclosure for the new loan (obtained from the new lender prior to closing)
  • Final Settlement Statement for the new loan (obtained from the title/escrow company/settlement agent after closing)
  • A check in the amount of $395 payable to Nevada Rural Housing Authority, as fee for processing the MCC Reissuance Application and issuing the new MCC.Note: The $395 fee may be paid by personal check or money order from the Borrower, or the new lender may charge the MCC Reissuance Fee with other closing costs associated with the new loan and the title/escrow company/settlement agent can issue the check to Nevada Rural Housing Authority after closing.

Where do I mail the MCC Reissuance Application?

Nevada Rural Housing
Attn: Homeownership Programs
3695 Desatoya Drive
Carson City, NV 89701

Does the Borrower or the new Lender submit the MCC Reissuance Application to Nevada Rural Housing Authority?
The Borrower or the Lender may submit the MCC Reissuance Application to the Nevada Rural Housing Authority. The Borrower is required to complete and sign the Application.

Have questions? Email us.

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