HUD Revitalization Areas

HUD Revitalization Areas:

'via Blog this'Revitalization Areas are HUD-designated geographic areas authorized by Congress under provisions of the National Housing Act. Revitalization Areas are intended to promote "the revitalization, through expanded homeownership opportunities, of revitalization areas."

The criteria for designating an area as a Revitalization Area relate to:

1. Household Income,
2. Homeownership Rate, and
3. FHA-insured mortgage foreclosure activity.