Community eligibility and designation.

CFR · 2024-01-01 · US · Title 12

(a) (b) (1) (i) Must be an area that is located within the jurisdiction of one (1) Unit of General Local Government; (ii) The boundaries of the area must be contiguous; and (iii) The area must: (A) Have a population, as determined by the most recent U.S. Bureau of the Census data available, of not less than 4,000 if any portion of the area is located within a Metropolitan Area with a population of 50,000 or greater; or (B) Have a population, as determined by the most recent U.S. Bureau of the Census data available, of not less than 1,000 in any other case; or (C) Be located entirely within an Indian Reservation. (2) (i) At least 30 percent of the Eligible Residents have incomes that are less than the national poverty level, as published by the U.S. Bureau of the Census or in other sources as set forth in guidance issued by the CDFI Fund; (ii) The unemployment rate is at least 1.5 times greater than the national average, as determined by the U.S. Bureau of Labor Statistics' most recently published data, including estimates of unemployment developed using the U.S. Bureau of Labor Statistics' Census-Share calculation method, or in other sources as set forth in guidance issued by the CDFI Fund; and (iii) Such additional requirements as may be specified by the CDFI Fund in the applicable NOFA. (c) (1) Selecting Geographic Units which individually meet the minimum area and eligibility requirements set forth in paragraph (b) of this section; or (2) Selecting two or more Geographic U

official document · source cfr-2024 · id 12:§ 1806.401