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I have been looking for an apartment. I found a place that is inexpensive, and I did more research and discovered that it is section 515 housing.
Apparently this is among the types of housing people refer to as the projects.
What is the difference between section 8 and section 515? I live in Tennessee.
According to this website, for=profit or non-profit groups can get inexpensive loans to create low-cost housing in rural areas using the section 515 provisions. So it's not a direct-to-renter program, but for the owner/landlord to subsidize the creation of low-cost rental housing.
Section 8 provides vouchers to people who want to rent and have limited income. After a family finds a place, the apartment must be inspected and approved.
