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TeachMeFinance.com - explain Section 524 loans Section 524 loans The term 'Section 524 loans ' as it applies to the area of agriculture can be defined as ' 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'. Previous 5 Terms: Section 514 loans Section 515 loans Section 516 grants Section 521 rental assistance Section 523 loans Next 5 Terms: Section 533 grants sector of a circle Sector Boundary Sector Visibility Sectorized Hybrid Scan About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.