The following is the the New Markets Tax Credits (NMTC) tract report for Census Tract 22.03 in Buncombe County North Carolina.
This tract is in the "Asheville, NC"(Metropolitan) area.
This tract is qualified for the New Markets Tax Credits program.
This tract also is a distressed area.
This tract meets the following Primary Criteria for the New Markets Tax Credit Program
The table below lists contains a breakdown of supporting figures necessary to determine eligibility for Census Tract 22.03.
Rows highlighed in green help indicate eligibility and specific indicators of why a tract may qualify.
The table below lists contains a breakdown of supporting figures necessary to determine if Census Tract 22.03 is eligible.
Meeting the NMTC Severely Distressed Secondary Criteria is based on whether or not a given Census tract meets basic NMTC Eligibility, plus two of the following factors:
|Tract Legal Name||Census Tract 22.03 (Full FIPS: 37021002203)|
|CDFI Fund New Markets Tax Credit NMTC Eligibility||Qualified|
To be eligible may have either (1) Median Family Income at or below 80% of Area Median Income (AMI) in the period of 2006-2010 or (2) Poverty Rate of 20% or greater in the period of 2006-2010.
Census Tracts can alco competitively qualify for NMTC if it also meets Severely Distressed criteria.
|Qualifies On Poverty Criteria Greater Than 20%||Yes|
|Qualifies On MFI Criteria Less Or Equal 80%||Yes|
|Heavily Distressed by MFI at or below 70% AMI.||No|
|Qualified On Poverty Or Income||Yes|
|Median Family Income||41679|
|County Name||Buncombe County (37021)|
|Area Name||Asheville, NC|
|Metropolitan Type||Metropolitan ()|
|Percent Benchmarked MFI||74.2|
|Is Food Desert||Yes|
|Census Tract Map Web Address||Goto http://www.reinid.com/map/37021002203|
|Median Family Income (Mfi) Notes|
|MFI Margin of Error||11409|
|Margin of Error Notes|
*Data in this report is supplied by the 2010 Census, USDA, American Community Survey, and the Bureau of Labor Statistics.
ReinID works to maintain the accuracy of its reporting data and makes no guarantees that any census tracts will be accepted under the New Markets Tax Credit program. The report is only intended to present supporting data as it is presented by our sources. We urge you to contact us or the CDFI Fund or for additional assistance.
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