This report includes occupancy information for both Section 515 rural rental housing and Section 514 farm labor housing properties.
USDA’s annual occupancy survey shows 2,135 fewer units and 1,254 fewer occupied units (households) in Section 515 and 514/516 properties in 2012 than 2011. There are 1,243 more households receiving Section 521 Rental Assistance and 931 fewer with rental aid from other sources. The number of cost burdened households dropped by 1,562.
USDA’s annual occupancy report for Section 515 and 514/516 rentals states that from April 2010 to May 2011 the total number of Section 515 properties dropped by 270 (about 3,600 apartments) and the number of farmworker properties increased by six.
According to USDA’s annual occupancy report for tenants in its portfolio properties, from 2009 to 2010 the average incomes of Section 515 and 514/516 tenants rose about 2%. The average is $11,364 for all tenants and $9,388 for tenants with Section 521 Rental Assistance.