Orange County NC Website
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Orange County, North Carolina - AIFCH - 2007 <br />1.0 INTRODUCTION .................................................................................................................2 <br />2.0 FAIR HOUSING AND THE COMMUNITY ......................................................................... ..2 <br /> 2.1 Why Fair Housing is Important to the Community .............................................. .. 2 <br /> 2.2 The Analysis of Impediments to Fair Housing Choice (AI) ................................. .. 3 <br />3.0 COMMUNITY PROFILE FOR THE ORANGE COUNTY ................................................... .. 3 <br /> 3.1 Location and Size of the Community ......:............................................................ ..4 <br /> 3.2 Minorities ............................................................................................................. .. 4 <br /> 3.3 Gender ................................................................................................................ .. 6 <br /> 3.4 Disability Status ................................................................................................... ..6 <br /> 3.5 Income Characteristics....:: .................................................................................. ..6 <br />4.0 HOUSING .......................................................................................................................... .:7 <br /> 4.1 Housing Affordability ........................................................................................... ..7 <br />5.0 LOCAL FAIR HOUSING PROGRAMS AND ACTIVITIES ...........................:.................... 11 <br />6.0 PURPOSE AND PARAMETERS OF COMMUNITY REINVESTMENT ............................ 12 <br /> 6.1 Sub-Prime and Predatory Lending ..................................................................... 12 <br /> 6.2 Payday Loans, Title Loans Locations as Predatory ........................................... 13 <br /> 6.3 Orange County Lending ..................................................................................... 14 <br /> 6.4 Analysis ............................................................................................................... 14 <br /> 6.5 Mortgage Activity Orange County ....................................................................... 15 <br /> 6.7 Government Backed Applications ....................................................................... 16 <br /> 6.8 Refinancing and Home Improvement Activity ....................................................:. 16 <br /> 6.9 Conventional Home Purchase ............................................................................. 18 <br /> 6.10 Conventional Home Purchase -Race ................................................................. 19 <br /> 6.11 Conventional Home Purchase -Applicant Income .............................................. 19 <br /> 6.12 Lending Based on Race and Income ........................:......................................... 18 <br />7.0 COMMUNITY ISSUES ....................................................................................................... 21 <br /> 7.1 Community Survey .............................................................................................. 21 <br />8.0 ADVERTISING .................................................................................................................. 25 <br /> 8.1 Statutes and Regulatory Language ..................................................................... 25 <br /> 8.2 Analysis of advertising ......................................................................................... 30 <br />9.0 ZONING ............................................................................................................................. 32 <br /> 9.1 Introduction .......................................................................................................... 32 <br /> 9.2 Local Review of Zoning Codes ..............................................................:............. 33 <br />10.0 INSURANCE REDLINING ................................................................................................. 34 <br /> 10.1 Rating Practices ....................................................................................................: 35 <br /> 10.2 Credit-Scoring ........................................................................................................ 36 <br /> 10.3 Recent Lawsuits ..................................................................................................... 37 <br /> 10.4 Location of Agents ................................................................................................. 37 <br /> 10.5 Lack of Reporting Requirements ............................................................................ 38 <br />11.0 CONC LUSIONS, IMPEDMENTS AND RECOMMENDATIONS ....................................... 38 <br /> 11.1 NIMBY Issues ........................................................................................................ 38 <br /> 11.2 Predatory Lending .................................................................................................. 39 <br /> 11.3 Lending Issues ....................................................................................................... 40 <br /> 11.4 Real Estate Issues ................................................................................................. 41 <br /> 11.5 Affordable Rental Housing ..................................................................................... 41 <br /> 11.6 Zoning Issues ......................................................................................................... 42 <br />