Section 515 Technical Assistance
Section 515 properties — and the people who call them home — are at risk.
Nationwide, hundreds of thousands of seniors, people with disabilities, and low-income individuals and families live in United States Department of Agriculture (USDA) Section 515 rental properties, a crucial source of affordable housing in rural communities. However, these vital homes are at risk.
As USDA Rural Development loans for these properties expire, more and more buildings are exiting the Section 515 program. Exiting properties may lose rental assistance funding, and some properties are no longer required to keep rents affordable — meaning tenants could face eviction or homelessness.We simply can’t afford to lose these homes. Learn more from our 515 Fact Sheet.
In Minnesota, Iowa and North Dakota, there are 334 Section 515 projects with RD loans maturing on or before December 31, 2030, according to data from the USDA MFH Property Preservation Tool. Minnesota and Iowa contain more projects estimated to exit by 2030 than any other states nationwide. Read our report about 515 properties and the residents who call them home.
MHP Past Technical Assistance
- North Dakota
- South Dakota
Learn More about Section 515
- Read a 2018 report from the Housing Assistance Council to learn more about Section 515 properties, including strategies to keep them affordable. According to the report, approximately 13,000 USDA Section 515 rental properties provide more than 415,000 affordable homes nationwide. Seniors or people with special needs comprise 62 percent of the total number of people living in Section 515 properties. Residents’ annual income averages only $13,600.
- Check out a map summarizing the locations of Section 515 properties.
- Learn about policies impacting Section 515 properties and how to advocate for the preservation and funding of these homes with NLIHC’s 2021 Advocates’ Guide.
Contact Jill Henricksen, Community Development Manager at jill.henricksen at mhponline.org to learn more.