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:
- Household Income,
- Homeownership Rate, and
- FHA-insured mortgage foreclosure activity.
HUD-owned single family properties located in a Revitalization Area are eligible for discounted sale through special programs, including:
HUD's Single Family Home Locator displays maps of REO properties and special programs such as Revitalization Areas. There are many revitalization areas across the country. HUD is always working with localities to designate new areas. For information on Revitalization Area Evaluation Criteria, please see FHA Single Family Housing Policy Handbook 4000.1 Section IV.B.2.c.vi.
Contact the FHA Resource Center to discuss designating a Revitalization Area in your community. For more information about purchasing HUD Homes through FHA's Revitalization Area programs, contact your local, state or regional Management and Marketing (M&M) contractor.