Orange County NC Website
Browse       Search
14 <br /> <br />• According to the Home Mortgage Disclosure Act (HMDA) data: <br />The percentage of total applications by Whites accounts for <br />almost three-quarters (74.3%) of the total number of <br />applications, regardless of income. <br /> <br />• Loan origination rates are higher for White applicants than for <br />minority applicants as a whole, and minority denial rates are <br />higher than White denial rates. <br /> <br />In summary, the extremely and very low-income residents of the <br />county (0 to 30% to 50% of median income) including seniors, the <br />homeless and persons at-risk of homelessness and persons with <br />disabilities are the most adversely affected by the high cost of <br />housing and the great lack of affordable housing in Orange County. <br />The lack of affordable housing that is decent, safe, and sound <br />forces these residents of the county into substandard housing and <br />a life of instability that also affects education, health and <br />employment outcomes for families and individuals and the <br />community. <br />In providing a continuum of affordable housing, the county’s goals <br />should include other special needs housing such as a place for <br />persons who are victims of domestic violence and having a <br />shelter(s) that can appropriately serve a mix of families and <br />individuals. Goals should include strengthening planning and <br />coordination of resources for emergency situations where families <br />and individuals become homeless due to life events, acts of nature <br />or involuntary displacement to help them return to or obtain as <br />quickly and effectively as possible stable housing and <br />independence. The following section (Section D.) provides the <br />proposed Orange County Strategic Plan Goals and Strategies: <br />2016 – 2020 and respective actions and recommendations. <br />NOTE: AFFORDABLE HOUSING PRIMER <br />For your information and convenience, at the following links is the website for an <br />Affordable Housing Primer that is a helpful basic reference and educational tool <br />produced by the North Carolina Housing Coalition on affordable housing including <br />affordable housing terms and programs: <br /> <br />http://www.nchousing.org/research-data/affordable-housing-primer/2009- <br />affordable-housing-primer/Affordable_Housing_Primer_2009_final.pdf <br /> 129