Business / Agriculture / Section 524 Loans: Land acquisition and development loans authorized under Section 524 of the Housing Act of 1949. Nonprofit organizations and Indian tribes may obtain loans from the Rural Housing Service to purchase and develop land that is to be subdivided into building sites for housing low- and moderate-income families. The loans are made for a 2-year period. Sites financed through Section 524 have no restrictions on the methods by which the homes are financed or constructed. The interest rate on Section 524 site loans is the Treasury cost of funds.
Section Adjective Synonyms: part, division, department, branch, sector, group, detachment, segment, portion, subdivision, component, element
Section Noun Synonyms: sample, slice, cross-section, fraction
Business / Agriculture / Site Loans: Section 523 loans and Section 524 loans are for acquiring and developing land for low- and moderate-income rural residents. MORE
Business / Agriculture / Section 404: A provision of the Clean Water Act establishing a program regulating the discharge of dredge or fill material into the nation’s waters. Permits for individual dredge or fill activities are issued by MORE
Business / Agriculture / Section 4 General Or Basic Assistance: This refers to the section of National School Lunch Act requiring the federal government to subsidize all lunches served through the school lunch program, regardless of the income of the participant. MORE