Definitions.

CFR · 2024-01-01 · US · Title 12

(a) (b) (i) In the case of owner-occupied units, income not in excess of 30 percent of area median income; and (ii) In the case of rental units, income not in excess of 30 percent of area median income, with adjustments for smaller and larger families in accordance with this part. (i) Any family that resides in a census tract in which the median income does not exceed 80 percent of the area median income; (ii) Any family with an income that does not exceed area median income that resides in a minority census tract; and (iii) Any family with an income that does not exceed area median income that resides in a designated disaster area. (i) Members of a Federally recognized Indian tribe located in an Indian area; or (ii) Agricultural workers. (i) Middle Appalachia; (ii) The Lower Mississippi Delta; (iii) A colonia census tract; or (iv) A tract located in a persistent poverty county and not included in Middle Appalachia, the Lower Mississippi Delta, or a colonia. (i) An area designated by HUD as a “Difficult Development Area,” pursuant to 26 U.S.C. 42(d)(5)(B)(iii), during (ii) An area designated by a state or local Qualified Allocation Plan as a high opportunity area and which meets a definition FHFA has identified as eligible for duty to serve credit in the Evaluation Guidance. (i) In the case of owner-occupied units, income not in excess of 80 percent of area median income; and (ii) In the case of rental units, income not in excess of 80 percent of area median income, with adju

official document · source cfr-2024 · id 12:§ 1282.1