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6 <br />What are the basic conditions defining housing and community development <br />needs in Orange County? <br />The 2006 - 2008 Census estimates the total population of Orange County at <br />124,168. The racial makeup of the County was 76.21% White, 12.99% Black/African <br />American, 0.37% American Indian and/or Alaskan Native, 5.66% Asian, and 2.86% <br />some other race; the American Community Survey did not estimate the size of the <br />Hispanic or Latino populations. Historical trends in Orange County's racial makeup <br />between 1990 and 2008 are depicted in the Table on the next page. <br /> <br />~ a~ <br />>'; ra <br />- o <br />c <br />- U C' C Z -: (p U U J <br /> w ~ ~ C _ ~ L ' f0 _U <br />°~ <br />~' ~ L <br />ua~ L ~~c <br />a~~0~ c °~° ~ <br />>a~c L <br />~ c <br />a <br />~ ~ <br />__ m Q ¢ ~--i _Q Q _-z O r-i __ O _.._ <br />1990 75,87,1, 14,893 286 2,325: 36 ' 440 ' 5,273 <br />.2000: 92,272 16,298 457 4,845. 20 2,312 3,480 <br />,._.. _. <br />__ <br />__ _ ___ <br />2006- <br />2008* 94 631_ 16,130 461 i 7,023. 29 3,525 -- it <br />Sources: Census 1990 Summary Tape File 1, Census 2000 Summary File 1, and 2006-2008 American <br />Community Survey 3-year estimates <br />While recent economic conditions have caused home prices to fall in many parts of <br />the United States, the housing market downturn is having only minimal effects on <br />Orange County relative to other regions. As reported in the February 2009 issue of <br />The Triang/e Business Journal, "The Triangle's housing market continues to be <br />among the best in the country in terms of prices, according to a new batch of federal <br />data. The Federal Housing Finance Agency says home prices in the Raleigh-Cary area <br />increased by 2.96 percent in 2008. That ranks the Raleigh metropolitan area 18th <br />best in the country. The Durham-Chapel Hill area also fared well, placing 28th with <br />home-price growth of 2.15 percent for the 12 months ending Dec. 31. Nationally, <br />FHFA says, home prices fell by 4.5 percent in 20081." Based on these and other <br />indicators in the housing market, it appears as though the foreclosure crisis in <br />America has had little impact on home sales prices [on average] in Orange County. <br />1 i r;ang;e Business .Tour,~at, ,.~aleigh and lurhayr. Home Prices Rose Against Tide ~r?_OOB." ;~eh; uary 24, <br />2009. htto•//www raleigh-=vake org/page/rafeigh-and-durham-home-prices-rose-against tide in 20~J8 <br />FY 2010-2015 Consolidated Plan 6 <br />