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- Income guidelines not met <br />o Month budget deficiencies <br />o Exceeded 80% AMI <br />o Unearned income <br />- Poor credit <br />o High debt balances <br />o Low or very low credit scores <br />- Residency guidelines not met <br />o Lived and/or worked outside of Orange County <br />o Lived and/or worked in Orange County less than 1 year <br />- Application <br />o Never returned <br />o Incomplete <br />o Withdrawn <br />- Enrolled participants completed all requirements except purchase <br />o Decreased income due to marital separation <br />o Decreased income due to medical disability <br />o Unable to secure loan <br />o Unable to find a suitable home <br />Although the program did not reach the anticipated number of clients, the following was <br />achieved: <br />- 50% of active participants purchased a home <br />- 100% of active participants completed requisite hours of financial literacy and <br />homebuyer education training <br />- For the life of the grant, participants saved a total of $10,896 in a local bank <br />- 7 out of 8 participants exceeded the minimum $1,000 savings requirement. The <br />remaining client was on track (>$900) until a financial emergency and marital <br />separation occurred. <br />Commissioner Yuhasz asked if this program would be repeated and what was learned <br />from this time. Ann Gerhardt said that the Women's Center has decided that it would not go <br />forward with an RFP for next year for the IDA program. The recommendation is to wait a year <br />and see if the economy improves. <br />Ann Gerhardt said that there was a great benefit to all of the education that took place. <br />She said that there is a huge need for financial literacy education. She said that the Women's <br />Center will continue to do the classes. <br />IV. Mobile Home Initiatives <br />Draft -Manufactured Homes Survey Report <br />Mobile Home Parks List 2007 <br />Jabrina Robinson reviewed this item. She said that back in January the County <br />contracted with the Community Reinvestment Association of North Carolina to conduct a survey <br />of the condition and location of manufactured housing throughout the County. This was an on- <br />site assessment. The survey encompasses 94 parks in the County. She highlighted some of <br />the findings. There are high occupancy rates in these parks and there are a higher percentage <br />of residents that live in the lower quality parks. The higher quality parks have a very low <br />