Distressed or underserved nonmetropolitan middle-income geographies designated by the Board [of Governors of the Federal Reserve System], Federal Deposit Insurance Corporation, and Office of the Comptroller of the Currency, based on –
(A) Rates of poverty, unemployment, and population loss; or
(B) Population size, density, and dispersion. Activities revitalize and stabilize geographies designated based on population size, density, and dispersion if they help to meet essential community needs, including needs of low- and moderate-income individuals.