New Markets Tax Credits (NMTC) Report for Census Tract 19.08 in Smith County Texas.

New Markets Tax Credit NMTC Eligibility

The table below lists contains a breakdown of supporting figures necessary to determine eligibility for Census Tract 19.08.

Rows highlighed in green help indicate eligibility and specific indicators of why a tract may qualify.

Not Qualified

• Qualifies On MFI Criteria Less Or Equal 80%
• Qualifies On Poverty Criteria Greater Than 20%

Primary Criteria for NMTC Severely Distressed

The table below lists contains a breakdown of supporting figures necessary to determine if Census Tract 19.08 is eligible.

Not Severely Distressed

• Qualifies On MFI Criteria Less Or Equal 60% 125.7%
• Poverty criteria must be at or above 30%. The poverty rate for this tract is 7.0%.
• The unemployment rate was not at least 1.5 times the national unemployment rate in the period of 2006-2010. The unemployment rate was 2.4%.
• Tract is in a metropolitan area.

Secondary Criteria for NMTC Severely Distressed

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:

• meeting NMTC Heavy Distress requirements
• being located within:
  • an SBA Designated HUB Zone
  • a Medically Underserved Area (MUA)
  • a Census tract within which a Brownfield is located
  • a HOPE VI Redevelopment Area
  • a Federal Native Area
  • an Appalachian Regional Commission or Delta Regional Authority Area
  • a Colonias Area
  • a State or Local Economic Zone (such as TIF or KOZ)
  • ERS/USDA Food Desert
• Please note that the information in this section do not take into account the following, due to timing or unavailability of data: Brownfields, HOPE VI Redevelopment Areas, Federal Native Areas, Colonias Areas, State or Local Economic Zones, and FEMA Disaster Areas.

Not Severely Distressed

• Does not qualifies on median family income (MFI) criteria at or below 60% 125.7%
• Poverty criteria must be at or above 30%. The poverty rate for this tract is 7.0%.
• The unemployment rate was not at least 1.5 times the national unemployment rate in the period of 2006-2010. The unemployment rate was 2.4%.
• Tract is in a metropolitan area.

*Data in this report is supplied by the 2010 Census, USDA, American Community Survey, and the Bureau of Labor Statistics.