[Code of Federal Regulations]
[Title 24, Volume 3]
[Revised as of April 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 24CFR598.115]

[Page 308]
 
                 TITLE 24--HOUSING AND URBAN DEVELOPMENT
 
  CHAPTER V--OFFICE OF ASSISTANT SECRETARY FOR COMMUNITY PLANNING AND 
        DEVELOPMENT, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
 
PART 598_URBAN EMPOWERMENT ZONES: ROUND TWO AND THREE DESIGNATIONS--Table of Contents
 
                   Subpart B_Eligibility Requirements
 
Sec. 598.115  Poverty rate.

    (a) General. In order to be eligible for designation, an area's 
poverty rate must satisfy the following criteria:
    (1) In each census tract within a nominated urban area, the poverty 
rate must be not less than 20 percent; and
    (2) For at least 90 percent of the census tracts within the 
nominated urban area, the poverty rate must be not less than 25 percent.
    (b) Special rules relating to the determination of poverty rate--(1) 
Census tracts with populations of less than 2,000. A census tract that 
has a population of less than 2,000 is treated as having a poverty rate 
that meets the requirements of paragraphs (a)(1) and (a)(2) of this 
section if more than 75 percent of the tract is zoned for commercial or 
industrial use, and the tract is contiguous to one or more other census 
tracts that have an actual poverty rate of not less than 25 percent.
    (2) Rounding up of percentages. In making the calculations required 
by this section, the Secretary will round all fractional percentages of 
one-half percent or more up to the next highest whole percentage figure.
    (c) Noncontiguous parcels. (1) Noncontiguous parcels that are 
developable sites are exempt from the poverty rate criteria of paragraph 
(a) of this section, for up to three developable sites.
    (2) The total area of the noncontiguous parcels that are developable 
sites exempt from the poverty rate criteria of paragraph (a) of this 
section must not exceed 2,000 acres.
    (3) A nominated urban area must not contain a noncontiguous parcel 
unless such parcel separately meets the criteria set forth at paragraphs 
(a)(1) and (2) of this section, except for up to three developable 
sites.
    (4) There must not be more than three noncontiguous parcels, except 
that up to three developable sites are not included in this limit.