What is a HUD revitalization area?

Revitalization Areas are designated geographic areas in which HUD identifies Properties eligible for disposition through discount sales programs, such as the Asset Control Area and Good Neighbor Next Door program.
 
HUD will designate Revitalization Areas based on the following criteria:
  • very low income areas;
  • high concentration of HUD Real Estate Owned (REO) Properties; and
  • low homeownership rate.  
State, local, or tribal governments or HUD-approved Nonprofits may request that HUD designate a geographic area as a Revitalization Area by sending a written request to the Director of the Homeownership Center (HOC) that has jurisdiction over the area.

For more information on the Revitalization Area Sales Program go to HUD's web page at https://www.hud.gov/program_offices/housing/sfh/reo/abtrevt

To locate FHA Homeownership Centers and/or the FHA Resource Center go to https://www.hud.gov/program_offices/housing/sfh/sfhhocs

For policy information see Handbook 4000.1 Section IV.B.2.c.vi. at https://www.hud.gov/program_offices/administration/hudclips/handbooks/hsgh

All policy information contained in this knowledge base article is based upon the referenced HUD policy document. Any lending or insuring decisions should adhere to the specific information contained in that underlying policy document.


Topic Number: KA-03345