42 USC 12645d - Matching funds for severely economically distressed communities

U.S Code last checked for updates: Nov 22, 2024

§ 12645d.

Matching funds for severely economically distressed communities

(a)

In general

(b)

Severely economically distressed community

For the purposes of this section, the term “severely economically distressed community” means—

(1)

an area that has a mortgage foreclosure rate, home price decline, and unemployment rate all of which are above the national average for such rates or level, for the most recent 12 months for which satisfactory data are available; or

(2)

a residential area that lacks basic living necessities, such as water and sewer systems, electricity, paved roads, and safe, sanitary housing.

(Pub. L. 101–610, title I, § 189A, as added Pub. L. 111–13, title I, § 1612, Apr. 21, 2009, 123 Stat. 1539.)

cite as: 42 USC 12645d