Revitalization Areas by Block Group

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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: <a href='https://www.hud.gov/program_offices/housing/sfh/reo/abtrevt/' style='color:rgb(0, 97, 155); text-decoration-line:none; font-family:inherit;' target='_blank' rel='nofollow ugc noopener noreferrer'>https://www.hud.gov/program_offices/housing/sfh/reo/abtrevt/</a>, for questions about the spatial attribution of this dataset, please reach out to us at <a href='mailto:GISHelpdesk@hud.gov' style='box-sizing:border-box; color:rgb(0, 97, 155); text-decoration-line:none; max-width:100%;' target='_blank' rel='nofollow ugc noopener noreferrer'>GISHelpdesk@hud.gov</a>. Data Dictionary: <a href='https://hud.maps.arcgis.com/sharing/rest/content/items/f1662ebffb324583a00c2afe0b067bc7/data' style='color:rgb(0, 97, 155); text-decoration-line:none; font-family:inherit;' target='_blank' rel='nofollow ugc noopener noreferrer'>DD_Revitalization Areas by Block Group</a> Date of Coverage: 12/2018 Data Updated: Quarterly

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