Low-Income Community definition

Low-Income Community. ’ means any census block

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Low-Income Community means any area as defined in accordance with IRC § 45D(e).

Examples of Low-Income Community in a sentence

Seller shall give Notice to Buyer within five (5) Business Days of Seller’s receipt of notice from any Governmental Authority regarding the outcome of Seller’s request or application to receive such Low-Income Community Bonus.
Service Area" shall mean, for the purposes of this Allocation Agreement, the geographic area encompassing Low-Income Communities in which the Allocatee is authorized to make Qualified Low-Income Community Investments using the proceeds of Qualified Equity Investments.
In order to satisfy this requirement, the Allocatee’s governing board and/or advisory board must include one or more members that either: (a) reside in a Low-Income Community within the GO Zone; or (b) otherwise represent the interests of residents of Low-Income Communities within the GO Zone.
If any property is used by Borrower outside of a Low-Income Community, Borrower shall provide, the cost basis of all property owned by Borrower, the estimated value of any leased property and the basis of such estimate, and the business hours of usage of Borrower’s property within and without the Low-Income Community.
Seller shall make commercially reasonable efforts to qualify for and receive the Low-Income Community Bonus.

More Definitions of Low-Income Community

Low-Income Community means any “low-income community” as defined in Section 45D(e) of the Code and the Treasury Regulations.

Low-Income Community means a U.S. Census tract where 51 percent of the residents are low-income families with an annual income that does not exceed 80 percent of the median income for the area or that does not exceed 80 percent of the median income for the State, whichever is higher, as most recently determined by U.S. Department of Housing and Urban Development.

Low-Income Community means a local community, neighborhood, or rural district in which the median income does not exceed 80 percent of the median income for the area in which such census tract or block numbering area is located. With respect to a census tract or block numbering area located within a Metropolitan Area, the median family income shall be at or below 80 percent of the Metropolitan Area median family income or the national Metropolitan Area median family income, whichever is greater. In the case of a census tract or block numbering area located outside of a Metropolitan Area, the median family income shall be at or below 80 percent of the statewide Non- Metropolitan Area median family income or the national Non-Metropolitan Area median family income, whichever is greater.

Low-Income Community means a census tract where at least

Low-Income Community means any census block group in which 30 percent or more of the population

Low-Income Community means a census tract with either 1) median household incomes at or below 80 percent of the statewide median income, or 2) median household income at or below the threshold designated as low-income by Department of Housing and Community Development’s State Income Limits pursuant to the Health and Safety Code Section 50093. For Tribal Entities, if the HUD income for a county/parish located within a Tribal Entity’s service area is lower than the State Income Limits, the United States median income limit may be used in determining a Low-Income Community.