Phoenix foreclosures, Phoenix HUD homes, Arizona foreclosures in Phoenix AZ
Phoenix foreclosures, Arizona foreclosures, Phoenix HUD homes
 

Revitalization Areas in Phoenix

HUD revitalization areas are designated geographic areas.

The criteria for designation is specified by Congress at 12 USC 1710(h). The criteria are: very low income, a low homeownership rate or a disproportionately high concentration of delinquent or foreclosed FHA-insured properties.

HUD designates revitalization areas for the purposes of expanding homeownership opportunities by offering for sale, at a discount, HUD-owned single family properties located in these areas.

Revitalization areas are the basis for HUD programs such as the Asset Control Area program, Good Neighbor Next Door Program (formerly the Officer/Teacher Next Door Program), and the Direct Sales Program for Nonprofit agencies and Municipalities.

For additional information on revitalization area evaluation criteria, please visit

http://hud.uai.com/hudpls/

 

 

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Foreclosure Programs

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Phoenix Revitalization Areas

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Copyright ©2000-2010.  Rob Madden, Designated Broker,EcoBroker,ABR,CNE,GREEN, Green Leaf Realty, LLC. 
15849 N 71st St., Ste 100, Scottsdale, AZ 85254 - http://www.phoenixazforeclosures.com 
Phoenix Arizona HUD homes and foreclosures  Green Leaf Realty is a HUD approved real estate company.
For more information, contact us at:  Office: 602-993-7509  Direct 480-888-1234

Phoenix foreclosures, Phoenix HUD homes, Arizona foreclosures in Phoenix AZ