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FHFA's current Duty to Serve regulation defines "rural area" as: (1) a census tract outside of a metropolitan statistical area, as designated by the Office of Management and Budget; or (2) a census tract in a metropolitan statistical area, as designated by the Office of Management and Budget, that is outside of the metropolitan statistical area's Urbanized Areas as designated by the U.S. Department of Agriculture's Rural-Urban Commuting Area Code #1, and outside of tracts with a housing density of over 64 housing units per square mile for USDA's RUCA Code #2. Effective July 1, 2023, amendments to the Duty to Serve regulation modify the definition of "rural area" to include all "colonia census tracts" that would not otherwise satisfy the definition. Below is a link to the specific geographies which meet the amended Rural Areas definition. |
https://www.fhfa.gov/data/duty-to-serve/eligibility-data |