is 200,000 or less, (ii) at least 50 percent of the fund’s qualified opportunity zone property consists of interests in partnerships, and stock of corporations, which are— (I) small business concerns owned and controlled by women (within the meaning of section 3(n) of the Small Business Act ( 15 U.S.C. 632(n) ), or (II) small business concerns owned and controlled by socially and economically disadvantaged individuals under section 8(d)(3)(C) of such Act ( 15 U.S.C. 637(d)(3)(C) ), and (iii) at least 40 percent of the fund’s qualified opportunity zone property consists of— (I) stock in corporations, interests in a partnerships, or other property, the value of each of which does not exceed $20 million, and (II) stock in corporations, or interests in partnerships, the price-earnings ratio of each of which is under 5. (D) Affordable housing investment requirements The requirements of this subparagraph shall not be treated as met with respect to any fund unless in the case of any investment in qualified opportunity zone property which consists of a residential property project, at least 20 percent of the units in the project are occupied by individuals whose income is— (i) not more than 30 percent of area median gross income, or (ii) not more than 200 percent of the poverty line (as defined in section 673 of the Community Services Block Grant Act ( 42 U.S.C. 9902 )) for a family of the size involved. (E) Investment measurement For purposes of this paragraph, percentages of qualified opportunity zone property held by a qualified opportunity fund shall be determined under rules similar to the rules of paragraph (1). (F) Failure to meet requirement In the case of a qualified opportunity fund which fails to meet any of the requirements of this paragraph, subsection (b) shall be applied by substituting the date of such failure for December 31, 2026 in paragraph (1)(B) thereof. . (b) Effective date The amendment made by this section shall take effect on the date of the enactment of this Act.