CDFI Fund Releases Updated NMTC Eligibility Data

Blog, Income, Latest News, Poverty
Today, the CDFI Fund released updated census tract eligibility data for the NMTC program. The eligibility update utilizes data from the 2011-2015 American Community Survey (ACS). Detailed guidance will be posted soon on the CDFI Fund website. CDFI Fund News Release Eligibility Changes: There are about 73,000 census tracts nationwide, of which 31,640 are eligible based on poverty, income, or high out-migration. The eligibility changes remove a total of 4,517 previously eligible census tracts, but add 6,050 newly eligible census tracts, for a net gain of 1,533 eligible tracts. The graphic below shows eligibility changes:   [caption id="attachment_9620" align="aligncenter" width="1200"] Click image to enlarge[/caption] We will have an interactive map soon, but in the meantime, here are a couple of cities: [caption id="attachment_9622" align="aligncenter" width="1077"] New Orleans[/caption] [caption id="attachment_9621" align="aligncenter"…
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New Census Report on 2015 Poverty and Income Highlights the Urban/Rural Divide

New Census Report on 2015 Poverty and Income Highlights the Urban/Rural Divide

Blog, Featured, Income, Latest News, Poverty
Today, the US Census Bureau released their annual report on poverty and income. Economists predicted an increase of 1 to 2 percent in incomes in 2015, but the report showed a surprising 5.2 percent increase. A closer look at the data reveals a stark contrast between the economy in urban and rural communities. Urban Areas on the Rise [caption id="attachment_7411" align="alignright" width="516"] Over the past 8 years, rural and urban economies have generally exhibited similar economic trends. However, in 2015, there was a sharp divergence (see above).[/caption] Inside of metropolitan statistical areas (MSAs), median incomes grew by 6 percent. Much of that growth was confined to cities dwellers, whose incomes rose by 7.3 percent compared to suburban and exurban residents, whose incomes rose by a more modest 4 percent. This is the largest…
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