Qualified Census Tract definition

Qualified Census Tract means any Census tract which is designated by the Secretary of Housing and Urban Development as having 50 percent or more of the households at an income level which is less than 60 percent of the Area Gross Median Income in accordance with Section 42(d)(5) of the Code.

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Qualified Census Tract or “QCT” means an area designated as such by HUD. “Qualified Management Company” means a Management Company that meets the

Qualified Census Tract means any qualified census tract as defined in Section 42(d)(5)(C) of the Code.

Examples of Qualified Census Tract in a sentence

Examples of disproportionately impacted communities include those who: • Live in a Qualified Census Tract (QCTs) o Defined by U.S. Department of Housing and Urban Development (HUD) o U.S. Treasury guidance prioritizes use of ARPA funds within QCTs o To assess if your organization serves or is headquartered in a QCT, use the following link: ▇▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇.▇▇▇/portal/sadda/sadda_qct.html In the top right-hand corner, choose the state of Florida and Pinellas County.
Qualified Census Tract (QCT): Low-Income Housing Tax Credit Qualified Census Tracts must have 50 percent of households with incomes below 60 percent of the Area Median Gross Income (AMGI) or have a poverty rate of 25 percent or more.
Funding for the Center will be used to encourage tourism and support the local economy, promoting community activity in the downtown area of the City, a Qualified Census Tract.
Further, the Project is located in a HUD Neighborhood Revitalization Strategy Area, IRS Qualified Census Tract, Orange County Housing Finance Authority Target Area, and in the ▇▇▇▇▇▇▇▇▇ Area Enterprise Zone and, further, the City has determined that the Project is consistent with the Downtown Orlando Redevelopment Area Plan Update, the City’s Growth Management Plan and all other applicable planning goals and requirements of the City.
As the ARPA funds designated herein are specifically for the purpose of the development of a business incubator, disbursement of ARPA Funds under this Agreement are conditioned on expenditure on a business incubator program that is located in a Qualified Census Tract and includes preferences for minority-owned businesses.

More Definitions of Qualified Census Tract

Qualified Census Tract means an economically distressed urban area that is a qualified census tract as defined and designated by the United States department of housing and urban development.

Qualified Census Tract means an area of the State designated by HUD as a qualified census tract pursuant to Section 42(d)(5)(B)(ii) of the Code.

Qualified Census Tract means a census tract, as defined by the U.S. Census Bureau, having 50 percent of households with incomes below 60 percent of the Area Median Gross Income (AMGI) or having a poverty rate of 25 percent or more.

Qualified Census Tract. (“QCT”) shall mean an area designated by the Secretary of HUD where, for the most recent year for which census data are available on household income in such tract, either 50 percent or more of the households in the tract have an income which is less than 60 percent of the area median gross income or the tract’s poverty rate is at least 25 percent. QCTs are designated annually as new income and poverty rate data are released. See HUD map for

Qualified Census Tract means any census tract that is designated by the Secretary of Housing and Urban Development pursuant to 26 U.S.C. section 42(d)(5)(C).

Qualified Census Tract or “QCT” means any census tract which is designated by the Secretary of Housing and Urban Development as having either 50% or more of the households at an income which is less than 60% of the area median gross income, or a poverty rate of at least 25%, in accordance with section 42(d)(5)(C) of the Code. A list of the 2003 Florida QCTs is adopted and incorporated herein by reference. A copy of such list is available on FHFC’s web site www.floridahousing.org. The United States Department of Housing and Urban Development maintains the official QCT list. The incorporated Florida QCT list is designed to assist the Applicant in the Application process. Applicants are responsible for providing Florida Housing with accurate QCT information.

Qualified Census Tract means areas of the State which meet the requirements of Section 42(d)(5)(C)(ii)(I) of the Code.