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


### Answer
The term **low- or moderate-income area** is defined in *12 U.S.C. § 1831r* as follows -

> a census tract for which the median family income is—


(i) less than 80 percent of the median family income for the metropolitan statistical area (as designated by the Director of the Office of Management and Budget) in which the census tract is located

#### Citation:
  - *12 U.S.C. § 1831r*
  - Heading: **CHAPTER 16-FEDERAL DEPOSIT INSURANCE CORPORATION**

