### Question
How is the "low- or moderate-income neighborhood" defined?


### Answer
The term **low- or moderate-income neighborhood** is defined in *12 U.S.C. § 1430* as follows -

> any neighborhood in which 51 percent or more of the households are low- or moderate-income households

#### Citation:
  - *12 U.S.C. § 1430*
  - Heading: **CHAPTER 11-FEDERAL HOME LOAN BANKS**

