Agenda - 04-15-2008-3d - Laserfiche WebLink

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Orange County, North Carolina - AIFCH - 2007 were denied 11 % of the time. Low-to-moderate income Whites and Blacks fared better in terms of applications and origination's than middle-income borrowers. Even when lenders reported high Black origination rates, it appears Blacks are still not getting in the door to make an application. Origination rates for Blacks were lower than Whites, and denial rates for Blacks were higher than Whites. At each income level, the denial rate was usually higher for Blacks than for Whites. It's clear that, Whites fare much better in the MSA's mortgage lending market. While Hispanics are a smaller population group, in many cases they seem to do better than Blacks, too, when percentages of applications, origination's and denials are compared. Even when comparing income-to-income, Blacks fall short of their White counter parts. This is not necessarily an indication that lending discrimination is the cause of this discrepancy. However, a deeper analysis of lending should be undertaken to compare multiple years, prime and sub-prime lending and other questions that could not be addressed in this analysis. 7.0 Community Issues 7.1 Community Survey The Consultants conducted a survey of Orange County community organizations, agencies, and individuals focusing on housing issues selected by the Orange County Human Relations Commission. The survey offered several open-ended questions designed to document how those living within the community viewed their own housing barriers. Agency directors or managers were encouraged to answer questions in any way they felt necessary. In addition, the questionnaire was distributed to City Council members and two suggested community interest groups. In all, 21 entities were invited to respond. Some of the responses spoke of positive actions that were taking place and these were included. For instance, for Question 3 one respondent noted: Programs designed by city, county and municipalities to transition individuals from homelessness to stability through jobs and housing. The following is a summary of issues raised in their responses and observations.2 QUESTION #1: What do you see as problems for individuals with disabilities in achieving housing that meets their needs in Orange County? The primary concern for those responding was the cost of housing, lack of adequate housing, and the need for accessible housing for the disabled. Many indicated a need for stronger advocacy for this population. ® Lack of access, availability and affordability 2 Actual responses are included as an Appendix. 21