NAC Blog: Accessory Dwelling Units: Small but mighty force to address the housing shortage

Accessory dwelling units, or ADUs, are a hot topic in the housing space. With the competitive housing market and rising interest rates, having an added source of income can be especially appealing to homeowners. For multigenerational households, ADUs provide additional space for older relatives or young adults in the family. Perhaps more importantly, ADUs can also offer additional housing supply in competitive markets. In 2023, NAHREP intends to execute a strategic plan to advocate for cities and states to not only allow but encourage the building of ADUs as a path to addressing the housing inventory crisis.

NAC Blog: Chapter Feature: NAHREP Lake County meets with U.S. Congressman Schneider on housing

The NAHREP Lake County chapter has been making some big things happen! At a recent educational event on October 10, the chapter hosted U.S. Congressman Brad Schneider to discuss housing policy and other important issues. The event was a huge success and a full house of attendees got a chance to hear about NAHREP’s policy priorities, including Congressman Schneider’s take on housing inventory, immigration, and the recently passed Inflation Reduction Act. The NAHREP policy team got a chance to interview NAHREP Lake County President Carlos Rosado and Treasurer Josh Martinez about what has made their chapter so successful and some takeaways from the event.

NAHREP urges HUD to decrease FHA Mortgage Insurance Premium and end the life of loan provision

NAHREP joined the National Housing Resource Center and other housing advocates signed a letter asking HUD to lower the FHA Mortgage Insurance Premium by 25 to 35 basis points and end the life of loan requirement on the FHA Mortgage Insurance Premiums. These changes would make FHA-insured mortgages more affordable for homebuyers at the point of sale and reduce monthly payments in the long term. As the U.S. is currently facing rising interest rates and record low housing affordability, now is a critical time to act on these initiatives.

NAC Blog: NAHREP urges Congress to act on DACA, providing a path to citizenship for Dreamers

This week, NAHREP issued a statement expressing our disappointment in the Fifth U.S. Circuit Court of Appeals ruling that affirmed the Deferred Action for Childhood Arrivals (DACA) program as unlawful. Last year, a Texas-based U.S. District Judge also ruled the program unlawful, in part because it did not follow typical administrative procedure – it had not been subjected to appropriate public notice and comment periods required under Federal law. Last week, the Fifth U.S. Circuit Court of Appeals affirmed the Texas court’s ruling, sending the case back to the lower court to review the newest version of the rule issued by the Biden Administration in late August.

NAC Blog: First-time homebuyers can use positive rental payment history to qualify for FHA-issued mortgages

In some good news, late last month, the Federal Housing Administration (FHA) announced that it will allow first-time homebuyers to use positive rental payment history in their credit assessment to see if they are eligible for an FHA mortgage product. Positive rental payment history includes rental payments made on-time during the last twelve months. Adding this rental payment history criteria would allow first-time homebuyers who lack or have a lower credit score greater access to homeownership.

NAC Blog: Zoning 101: Exclusionary zoning as a barrier to housing production

The first comprehensive city zoning ordinance was created in New York City in 1916, in response to a 42-story building built in a Manhattan neighborhood that cast a seven acre shadow, leaving many of its neighbors in the dark. At the same time, New York and other cities across the country were grappling with industrial warehouses and factories cropping up near residential neighborhoods. What started as a public health measure, to protect citizens from pollutants and toxins emitted from industrial sites, quickly turned into a tool to segregate neighborhoods.

NAC Blog: Big Win: AB 2011 passes in California!

Speaking of zoning, in California, the governor recently signed a critical housing bill, AB 2011, “The Affordable Housing and High Road Jobs Act”. NAHREP, alongside other housing advocacy organizations across the state, supported this bill because of its potential to spur millions of affordable homes. AB 2011 allows for affordable housing development on commercially-zoned areas if it meets the affordability, labor, and environmental standards.

The National Association of Hispanic Real Estate Professionals (NAHREP®) Urges Congress to Act on DACA, Providing a Path to Citizenship for DREAMers

SAN DIEGO—October 11, 2022—The National Association of Hispanic Real Estate Professionals (NAHREP®) is disappointed in last Wednesday’s ruling by the Fifth U.S. Circuit Court of Appeals affirming the Deferred Action for Childhood Arrivals (DACA) policy as unlawful. Although the program remains in effect, its longevity and protections for DREAMers are at risk.

The National Association of Hispanic Real Estate Professionals (NAHREP®) Congratulates Priscilla Almodovar on Her Appointment as CEO of Fannie Mae

SAN DIEGO—September 30, 2022— The National Association of Hispanic Real Estate Professionals (NAHREP®) congratulates Priscilla Almodovar on her appointment by Fannie Mae (FNMA/OTCQB) as its Chief Executive Officer (CEO).Ms. Almodovar has spent her career serving the housing industry by advancing equitable and sustainable access to homeownership and quality affordable housing across America.