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.

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

• Under 602(c)(1)(A) or 603(c)(1)(A), a general infrastructure project typically would not be considered a response to the public health emergency and its negative economic impacts unless the project responds to a specific pandemic-related public health need (e.g., investments in facilities for the delivery of vaccines) or a specific negative economic impact of the pandemic (e.g., affordable housing in a Qualified Census Tract).

• 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: xxxxx://xxx.xxxxxxx.xxx/portal/sadda/sadda_qct.html In the top right-hand corner, choose the state of Florida and Pinellas County.

• Projects located in a HUD-designated Qualified Census Tract (QCT) or a HUD-designated Difficult Development Area (DDA) may be eligible for a 30% basis increase (basis boost).

• Demographic distribution is an assessment of the level of the project funds spent on a program or service provided at a physical location in a Qualified Census Tract (QCT), OR where the primary intended beneficiaries live within a QCT, OR whether the program benefits residents that earn less than 60 percent of median income for the City, OR whether over 25 percent of program beneficiaries are below the federal poverty line.

• First, in recognition of the disproportionate negative economic impacts on certain communities and populations, the Interim Final Rule identifies certain types of services that are eligible uses when provided in a Qualified Census Tract (QCT), to families and individuals living in QCTs, or when these services are provided by Tribal governments.

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.