A “minority census tract” is a census tract that has a minority population of at least 30 percent and a median income of less than 100 percent of the AMI. (fhfa.gov/DataTools/Downloads/Pages/Underserved-Areas-Data.aspx#:~:text=A%20“minority%20census%20tract”%20is,100%20percent%20of%20the%20AMI.)
A majority-minority (high-minority) census tract has a population that is at least 50 percent minorities, which means that more than half of individuals in the census tract are minorities, i.e. Black, Asian, Hispanic, Asian-Pacific Islander, and/or Native American. (https://www.lawinsider.com/dictionary/majority-minority-neighborhood)
Underserved area definition are determine by, low-income area and minority census tract definitions are based on prior year metropolitan area definitions as determined by OMB. Designated disaster areas are identified by FHFA based on the three most recent years’ declarations by the Federal Emergency Management Agency.
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