The verbiage in the ref guide says at least 20% of population is at or below poverty rate of state, provincial, or other regional jurisdiction. So if the regional poverty rate is 20%, and the census tract poverty rate is 24% (20% more than the region) it is my understanding that this qualifies for the credit. Am I interpreting this correctly?
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Emily Purcell
Sustainable Design LeadCannonDesign
LEEDuser Expert
367 thumbs up
November 15, 2023 - 9:34 am
Hi Jyothsna,
Not quite - the "poverty rate" in this case is the income below which a household is considered to be in poverty. So 20% of the people in that census tract would be making below the income level defined as poverty by the state or province. Any census tract (or equivalent outside the US) with a number over 20% would then qualify for the credit.
Jyothsna Giridhar
November 20, 2023 - 1:20 pm
Thank you Emily. This is helpful.