; (2) meaningfully improve the financial position of the facility; and (3) otherwise meet the financial feasibility and security adequacy requirements of the Rural Development Agency. (c) Waiver In the case of an application from a facility referred to in subsection (a) of this section for assistance under section 306(a) for a community facility, or under section 310B, the Secretary may waive the requirement of section 302(a)(1)(D) if the facility that is insolvent or located in a persistent poverty area, socially vulnerable community (as determined by the Secretary), or distressed area (as determined by the Secretary). (d) Definitions In this section: (1) Persistent poverty area The term persistent poverty area means an area with a poverty rate of 20 percent or more for 4 consecutive time periods, approximately 10 years apart, spanning approximately 30 years. (2) Rural area The term rural area means an area with a population of 50,000 or fewer inhabitants that is not an urbanized area adjacent or contiguous to a city with a population of more than 50,000 inhabitants. . (b) Effective date The amendment made by subsection (a) shall take effect 6 months after the date of the enactment of this Act.