United States. Department of Housing and Urban Development
·
2018
Full Details
Full Details
Title
HUD Revitalization Areas by Block Group, 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 owner-occupied housing units is derived from the 2010 Census SF1 tables. Data for median household income, and home ownership rates are provided by American Community Survey 5-year (2007-2011). Data for HUD single family FHA loans, and REO provided by the Single-Family Data Warehouse.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 by Block Group Date of Coverage: 12/2018, This service denotes HUD designated Revitalization Areas - areas eligible for discounted sale of HUD-owned single family properties through special programs - by 2010 U.S. Census Block Groups. 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.
Publisher
United States. Department of Housing and Urban Development
Subject
Community development, Economic development, Housing, Grants-in-aid, Boundaries, Economy, Location, Society
Temporal Coverage
2018
Date Issued
2024
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.