The National Association of Hispanic Real Estate Professionals® (NAHREP®) advocates on behalf of its 40,000 members and Hispanic homeowners nationwide. NAHREP focuses on national and state legislative issues that are critical to its mission: to advance sustainable Hispanic homeownership.
NAHREP responds to the Federal Reserve’s proposed changes to the Community Reinvestment Act (CRA)
In response to the Federal Reserve’s proposed changes to the Community Reinvestment Act, NAHREP urges the Federal Reserve to strengthen the rigor of CRA exams in order to expedite a full economic recovery, particularly for those most affected by the COVID-19 pandemic. NAHREP encourages the Federal Reserve to prevent grade inflation by preserving the five subtest threshold at the state-level, require race and ethnicity data on CRA exams, and continue support for enhanced data collection, including community development financing data. NAHREP commends the rule’s focus on transparent data analysis and quantitative measures of impact on communities.
NAHREP Urges CA Governor to appoint first CA Latino to U.S. Senate
NAHREP, along with the Latino Donor Collaborate and the UCLA Latino Policy and Politics Initiative, co-lead a broad coalition urging California Governor Gavin Newsom to make a historic appointment by selecting a Latino to fill the vacancy left by United States Vice President-elect Kamala Harris. Prior to this election, only nine Latinos have served in the U.S. Senate, and none have represented the state of California. Nationally, Latinos represent over 60 million Americans; with more Latinos living in the state of California than in any other state in the country. It is time to ensure that California’s voice in the U.S. Senate provides descriptive and substantive representation to the state’s plurality population.
NAHREP issues joint comment letter to FHFA on Enterprise Regulatory Capital Framework
In a joint comment letter submitted to FHFA, NAHREP and a coalition of industry and consumer groups urge the agency to reconsider the proposed enterprise capital rule. While the coalition appreciates FHFA’s attempt to provide a more standardized level of risk-based pricing, the capital requirement as proposed is far too high. As the GSEs are not banks, having bank-like capital requirement will unnecessarily increase costs, reduce credit availability and disproportionately impact borrowers of color. Furthermore, the rule would not meet its goal of reducing risk to the overall housing finance system, but rather redistribute and concentrate it.
NAC Blog: Sneak peek! 2021 Housing Policy Summit
We are in the final stages of putting the finishing touches to our State of Hispanic Homeownership Report that will be released at our NAHREP National Convention and Housing Policy Summit on April 20th. We cannot wait for you to see what we came up as we break down and process what happened in 2020 and how it impacted Latino homeownership. This year’s Release of the State of Hispanic Homeownership Report will be epic! Are you registered yet? If not, you can register here. Dong forget that if you’re a NAHREP member the conference will be FREE. For non-members, it is only $50.
NAC Blog: DREAMers are our family. What are you gonna do about it?
Familia. We talk about this word a lot at NAHREP. It’s the powerful center of our lives, the reason we work hard, the reason we breathe. I have a huge extended family, most of which live in the Inland Empire in California. We’re all up on each other’s business all the time. You know how it goes, they loooooove the chisme. But if anyone in the family needs anything, ANYTHING, they’re there before they’re asked to help out. It’s beautiful. If something happens to one person, it’s felt by everyone. It’s family.But what do you define as family? Is it just your blood relatives? Your friends? Your business? Your NAHREP familia? What about your fellow Latinos in the U.S.? What about Latino immigrants, DREAMers? The issue of immigration has been a dividing issue for decades.
NAC Blog: Yes In My Back Yard, turning thoughts into action
In the business of “change making” or advocacy, we seldom ever do anything alone. We need partners. The first step in laying out a strategy is to figure out who our friends are and who will join us in battle.As housing inventory continues to be the number one barrier to advancing sustainable Hispanic homeownership, the situation in California is probably the most severe. But at the same time, the advocacy community around addressing the housing inventory shortage and spurring housing production is also the most organized. One of the leading voices on housing inventory in the state of California is our friend Brian Hanlon, the President & CEO of the Yes In My Back Yard (YIMBY) initiative.
As a powerful force in housing policy and market leadership, NAHREP works closely with many bodies including the executive and legislative branches. Keep up-to-date with what we’re speaking out on in our “New Administration Watch”.