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M <br />City of Cuyahoga Falls, Ohio 47 <br />Q . Anal sis of Im ediments to Fair Housin Choice <br />of the housing industry and the aging population in the City it is important that the City take <br />systemic steps to work on the issue before it becomes a real problem. We would suggest <br />the City develop a predatory lending brochure that could be distributed to senior centers, <br />through local water bills, and at libraries through out the City. Also, seminars could be <br />developed that would educate the public on predatory lending. By coordinating this effort <br />with local advocacy organizations in the City a large step could be made in educating the <br />public regarding this growing issue. <br />Also there was concern raised in the lending section of this report that minorities are <br />basically a non - entity when it comes to applying for mortgage loans. Even considering that <br />there will be income and credit issues minorities are still under represented as a market. <br />Due to time and funding constraints a complete and detailed lending analysis was not <br />conducted. Since there seems to be issues regarding minority representation in the <br />mortgage market it is highly recommended that the City consider such an analysis to get <br />to determine the depth and scope of the problem. <br />Local lenders are applauded for the strong presence in the mortgage market and their <br />ability to compete with sub prime lenders. This is a good sign for the City in that those <br />lenders who have a stake in Cuyahoga Falls are supporting the mortgage market. <br />However, as indicated the sub prime lender has made increasingly strong inroads to the <br />market in 2002. So local lenders will need to be even more supportive of the local <br />mortgage market. <br />