How can I check if it in fact is?
Trying to figure this out and came across this -
Section 45D(e) of the Internal Revenue Code of 7 1986 as follows:
“The term “low-income community” means any population census tract if the poverty rate for such tract is at least 20 percent, or in the case of a tract not located within a metropolitan area, the median family income for such tract does not exceed 80 percent of statewide median family income, or in the case of a tract located within a metropolitan area, the median family income for such tract does not exceed 80 percent of the greater of statewide median family income or the metropolitan area median family income.” (There are some additional ways areas may qualify as a low-income community in that reference.)
In simple english, your "census tract" has to have either
1 - At least 20 percent of people below the poverty line
Or
2 - The tract's median income is 80% or less than the state(or metro area)'s median income.
Next step is to figure out what census tract I'm in.