 |
 |
 |
 |
 |
 |
 |
We Champion Change
NAHREP is a purpose-driven organization that is dedicated to increasing sustainable homeownership in the Hispanic community. We champion change that creates greater access to homeownership for Latino families and a ethical, business friendly environment conducive to real estate practitioners.
The Five-Point Plan: Refocusing The Future of Minority Homeownership
Multicultural real estate leaders and members of the National Association of Hispanic Real Estate Professionals, the Asian Real Estate Association of America and the National Association of Real Estate Brokers convened at a joint policy summit in Washington, D.C. in March 2011 and collaborated on a set of recommendations to lawmakers keep access to homeownership available to communities of color.
The Five-Point Plan "Refocusing The Future of Minority Homeownership" focuses on sustainability, accountability and responsibility on the part of all parties in a real estate transaction. It calls for more diverse solutions to meet the future housing needs, and demands more preparation and responsibility on part of consumers and the industry alike. It also calls on the industry to develop unique and innovative solutions to the housing challenges facing the multicultural communities today and in the future.
Specifically, The Five-Point Plan calls for:
- A balanced regulatory approach that will support and encourage sustainable homeownership for qualified and responsible consumers seeking to purchase a home;
- Increased diversity in the financial services arena and adequate oversight of minority business utilization and senior management hires;
- Maintaining strong government support of the secondary market system that includes the broad network of primary lenders, government-supported securitization agency, and FHA that collectively works to broaden credit availability for all communities at all times;
- Strong consumer protection oversight to restore consumer and market confidence in homeownership; and
- Mandatory financial education for all first-time homebuyers that prepares them for the responsibilities, risks and rights associated with homeownership.
 |
NAHREP Radio: Refocusing The Future of Minority Homeownership Hispanic, Asian and African-American real estate leaders have submitted a five-point plan to U.S. lawmakers on measures that must be taken to preserve homeownership for multicultural homebuyers. The plan calls for practical and diverse solutions to address the challenges that multicultural communities face now and in the future. Alex Chaparro, immediate past chairman of NAHREP; John Wong, co-founder for the Asian Real Estate Association of America; and Ron Cook, vice chair of the National Association of Real Estate Brokers, will offer insights behind recommendations. Use the audio player on the left to listen to the show. |