Use of Big Data and Automated Valuation Models to Expedite Right of Way Acquisition Processes within the Federal Aid Program Across the Nation
Project Information
Project ID:
FHWA-PROJ-21-0029
Project Abstract:
This project will be a “proof of concept” effort to expedite simplistic valuation/appraisal processes for some Federal aid right of way projects. The project will use the collection and organization of real estate electronic or digital property listings, sales records, and county parcel records data from across the nation.
The Federal Highway Administration (FHWA) sees opportunities to harness and use the electronic or digital real estate records to support, streamline and automate some real property valuation processes. Real estate databases have been compiled by county auditors, multiple listing services (MLS), commercial real-state companies, various Federal agencies [Federal Emergency Management Agency (FEMA) Flood Maps], and a myriad of private sources searching for a more efficient way to investigate and evaluate real estate for property taxation, investment analysis/decisions, and the mortgage industry. The ability to access and use the electronic or digital data can result in a better-informed analysis, project time savings, and reduced administrative costs.
Project Status:
Active
Project Funding Amount (Contract Award Amount):
$204,551.00
Start Date:
End Date:
Public Access Plan:
Yes
Grant/Contract ID:
- DTFH6117D00008L
- 693JJ321F000211
FHWA Program Area:
- Planning, Environment, and Realty
Fiscal Year / AMRP Program / AMRP Activity:
- FY 2002-2022 / Planning, Environment, and Realty / Accelerating Project Delivery
FHWA Activity:
- Data and Analysis
AMRP = Annual Modal Research Plan
Contact Information
First Name:
Arnold
Last Name:
Feldman
Phone Number:
202-366-2028
Email Address:
Team:
Program Development Team
Office:
Office of Real Estate Services
Office Code:
HEPR-10
Management Organizations
Sponsor Organization
Organization Role:
Sponsor Organization
Organization:
Federal Highway Administration: Office of Planning, Environment, and Realty - Office of Real Estate Services
Contact Role:
Sponsor
Contact:
Managing Organization
Organization Role:
Sponsor Organization
Contact Role:
Sponsor
Performing Organization
Organization Role:
Sponsor Organization
Contact Role:
Sponsor