United States. Department of Housing and Urban Development
·
2018
Full Details
Full Details
Title
Revitalization Areas, 2018
Description
Revitalization Areas are HUD-designated geographic areas authorized by Congress under provisions of the National Housing Act intended to promote "revitalization, through expanded homeownership opportunities.” HUD-owned single-family properties located in a Revitalization Areas are eligible for discounted sale through special programs, including the Asset Control Areas (ACA) Program, and the Good Neighbor Next Door (GNND) Program. Revitalization Areas are determined by comparing a block group's median household income and home ownership rate to the respective rates of the surrounding area. If the block group is located in a CBSA Metropolitan area, then the metro area is used. However, if the block group is located in a Non-Metro area, then the state rate is used. This dataset also provides several variables relating to REO, and FHA activity in the block group including: - Average REO sales price over the last 12 months;- 90-day FHA defaults; - 90-day FHA defaults in foreclosure; - Active FHA-insured single-family loans; - Active REO properties, and; - A 2-year history of REO closings. Data for median household income are sourced from the 2012-2016 American Community Survey 5-year Estimates, Table B19013 - Median Household Income in the Past 12 Months (in 2016 inflation-adjusted dollars) and single-family homeownership rates are sourced from the 2012-2016 American Community Survey 5-year Estimates, Table B25032 – Tenure by Units in Structure. Data for HUD single family FHA loans and REO extracted from the Single-Family Data Warehouse in December 2018. To learn more about the HUD FHA Revitalization Areas Program visit: https://www.hud.gov/program_offices/housing/sfh/reo/abtrevt/ Data Dictionary: DD_Revitalization Areas Date of Coverage: 12/2018, Service provides location and program data for HUD-FHA Revitalization Areas.
Publisher
United States. Department of Housing and Urban Development
Subject
Economic development, Community development, Grants-in-aid, Boundaries, Economy, Location, Society
Temporal Coverage
2018
Date Issued
2023
Rights
This item is in the public domain. There are no restrictions on use.
Rights Holder
This work is in the Public Domain, meaning that it is not subject to copyright.