Procedures for designation of additional Low-Income Geographic Areas

CFR · 2024-01-01 · US · Title 13

(a) (b) (1) A substantial number of Low-Income Individuals reside in that census tract (or equivalent county division). (2) As adequately supported by studies or other analyses or reliable data, that census tract (or equivalent county division) has a pattern of unmet needs for investment capital. (3) As adequately supported by studies or other analyses or reliable data, that census tract (or equivalent county division) has indications of economic distress. (c) (2) In making a final decision on whether to designate a particular census tract (or equivalent county division) as an additional LI Area, SBA will consider evidence submitted by any requester, SBA's own research, any public comments submitted, and any other information deemed relevant by SBA. (3) If SBA designates a particular census tract (or equivalent county division) as an additional LI Area, SBA will publish a notice in the

official document · source cfr-2024 · id 13:§ 108.1940