Glossary of Terms

Distressed Areas 2018-06-11 08:00:00

Distressed Areas

Low-income community census tracts are the basis for determining eligibility in Qualified Opportunity Zones.

 The definition is the same as that used for the New Markets Tax Credit (NMTC) Program – a low-income community census tract has an individual poverty rate of at least 20% and median family income up to 80% percent of the area median.  A low-income community has the same definition as in §45D(e) for purposes of the New Markets Tax Credit.

 


What is a Qualified Opportunity Zone?

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QOZ Guidebook Cover