AG 2003 09 15 - Laserfiche WebLink

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First Charter Bank has opened a branch office in Logan, a predominately minority community (Census Tract 421). This branch is located in a community center that also provides healthcare services. Examine the Community Needs Assessments and Community Reinvestment Activities of local banks to determine the adequacy of these activities as compared to community needs as determined through the jurisdiction's planning process. Several local banks are participating in Habitat for Humarfity projects as well as Cabarrns County Community Development Corporation (a CHDO) activities. These banks have worked closely with the City of Concord and Cabarrus County CDC to provide loans and assistance with community development projects. At~ached is Community Reinvestment information in Appendix C. Tables 1-1 and 2-1 illustrate the loans issued to small businesses and small farms. There were 367 moderate-income small business loans for 2002. These constituted 7.5 million dollars. There were 2003 middle income small business loans amounting to 50 million. Housing rehabilitation and affordable housing production are considered important goals in Cabarrus County and the local financial institutions are participating. Do local financial institutions participate in housing projects or in the funding of housing related services sponsored by the jurisdicfion? Yes (see above) Step 9. Discrimination in the Building and Construction Industry. 1. Do local building codes include the requirements of the Federal Fair Housing Act of 19887 No. Cabarrus County provides building inspection services for the unincorporated areas of the county, Mount Pleasant, Harrisburg, Midland, Concord, and Kannapolis. Cabarms County adopted the North Carolina State Building Codes which do not include the Fair Housing measures, however, fair housing regulations are enforced by the Cabarms County Planning Services Department. The Planning Department disseminates all faiz-housing materials and enforces all related regulations. 2. If not, how are local builders and architects made aware of these requirements? These organizations are notified about Fair Housing through newspaper advertisements, cable television advertisements, radio advertisements, government websites, and pamphlets located at government offices, libraries, and financial institutions. 3. How many multifamily dwellings funded by local, state, or federal funds have been built since March 13, 19917 141 buildings containing over 1,000 units. 4. Are they in compliance with FFHA requirements? ADA requirements? Section 504? Yes, they are in compliance with all regulations. Cabarrus CounO:- A,alysis of lmpedime,ts to &~ir Hou,sh?g At,gus! 13, 2003 ~ [ k~ Page 18 of 22