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- 0-49 <br /> Private Industry <br /> a. Triangle Housing Partnership, a private non-profit <br /> corporation with support from local governments and the private <br /> sector in Wake, Durham, and Orange counties whose goal is to <br /> facilitate the creation of affordable housing opportunities through <br /> creating funding pools for debt and equity financing. <br /> b. Private lenders (especially those interested in achieving <br /> the lending goals of the Community Reinvestment Act) , public <br /> lenders like FmHA, builders, realtors, and developers, whose <br /> assistance will be crucial to the success of any housing <br /> initiatives undertaken in Orange County. <br /> c. Utility companies - develop construction and energy <br /> conservation standards to reduce energy costs. They also provide <br /> information and training on energy-saving practices in home, such <br /> as how to install insulation and weather stripping. Low interest <br /> loans are available from utility companies for the purchase and <br /> installation of insulation from utility companies for the purchase <br /> and installation of insulation, high efficiency heat pumps and <br /> other energy conservation measures. <br /> d. Many commercial banks have responded to the Community <br /> Reinvestment Act with programs to finance decent, affordable <br /> housing. Banks in Orange County with such programs include <br /> Wachovia, NationsBank, Central Carolina Bank, First Union National <br /> Bank, and Centura Bank, First Citizens and BB&T. These special <br /> lending programs are targeted to households that do not qualify for <br /> the lenders ' regular programs and may have rates slightly lower <br /> than conventional rates, lower down payment requirements or special <br /> underwriting treatment. <br /> Most organizations listed above work closely together on housing <br /> issues. Local government staff work with the non-profits on a <br /> regular basis, since most nonprofit activities are supported with <br /> local funds. Communication could be improved between housing <br /> development agencies and social service agencies that provide <br /> support and empowerment for families receiving housing assistance, <br /> a common concern addressed in the 1990 Act. <br /> COORDINATION OF RESOURCES. With the creation of Orange Community <br /> Housing Corporation, Orange County, Chapel Hill, Carrboro, and <br /> Hillsborough demonstrated the desire to cooperate among the several <br /> jurisdictions to provide the best housing assistance that will <br /> serve the low and moderate income residents of Orange County. With <br /> respect to coordination of resources, all agencies will continue <br /> our history of communication regarding projects in progress, <br /> applications submitted to state and federal funding agencies, <br /> programs that are particularly successful or troublesome, and other <br /> sharing of information and sources of funds. <br /> 40 <br />