### Question
What does low- or moderate-income area mean?


### Answer
**Low- or moderate-income area** has the following meaning in *12 U.S.C. § 1831r*:

> 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 15-FEDERAL LOAN AGENCY**

