Final answer:
Section 202 funds are specifically for individuals age 62 and older, while Section 8 funds have a broader eligibility criteria. Section 202 funds may provide support services, while Section 8 funds are primarily for rental assistance.
Step-by-step explanation:
Section 202 and Section 8 funds are both reserved for "lower income" individuals, but there are some key differences between them. Section 202 funds are specifically designated for individuals who are age 62 or older, while Section 8 funds have a broader eligibility criteria and can be used by individuals of any age. Additionally, Section 202 funds may provide support services such as assisted living or home health care, while Section 8 funds are primarily used for rental assistance.