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 offers recommendations for proposed ruling on DACA
NAHREP submitted a comment letter to the Department of Homeland Security (DHS) on November 29, 2021, encouraging a reevaluation of the proposed changes to the Deferred Action for Childhood Arrivals (DACA) program. While we are heartened to see DHS make efforts to preserve and strengthen DACA, we offer recommendations that will bolster the program even further. We encourage DHS to secure work authorization for DACA recipients, recognize them for their economic contributions during the COVID-19 pandemic, and update DACA eligibility standards.
NAHREP urges Congress to refrain from utilizing Fannie Mae and Freddie Mac (“the GSEs”) guarantee fees (“g-fees”) as a source of funding offsets in Infrastructure package
NAHREP joined a coalition of institutions that span the entire housing finance ecosystem to ask Congress to refrain from using Fannie Mae and Freddie Mac (“the GSEs”) guarantee fees (“g-fees”) as a source of funding offsets in Infrastructure package. G-fees should only be used as originally intended: as a critical risk management tool to protect against potential mortgage credit losses and to support the GSEs’ charter duties.
Given today’s housing affordability and supply constraints, lawmakers must avoid taking any steps that may exacerbate affordability challenges, which could in turn have negative consequences for the broader economy. The unintended effects of any proposed g-fee increase or extension will be to raise the cost of homeownership for all Americans, and low- to moderate-income and underserved individuals in particular.
NAHREP Supports the nomination of Julia Gordon as Assistant Secretary for Housing and Federal Housing Administration (FHA) Commissioner
NAHREP joins a broad spectrum of the housing industry and community advocacy groups to strongly support the nomination of Julia Gordon as Assistant Secretary for Housing and Federal Housing Administration (FHA) Commissioner at the U.S. Department of Housing and Urban Development (HUD).
FHA plays an integral role in ensuring low- and moderate-income individuals and underserved communities have access to safe and affordable mortgage financing. Gordon has had an exemplary career in both the housing and housing finance fields and her leadership positions provide her a robust background in matters affecting the housing and mortgage industries.
How do you measure up?
For the first time, NAHREP added a ranking of Congressional districts by Hispanic homeownership rate to the State of Hispanic Homeownership! As a constituent and housing professional, you should know how your district and elected officials are performing.
NAC Blog: The White House’s Housing Supply Action Plan
Many of you might have heard about the Biden Administration’s Housing Supply Action Plan by now. I thought I would break it down so that we all know what to be excited about and what to be cautiously optimistic about.
According to the plan, if implemented, the housing shortage will be filled in 5 years. Given that we are short about 5.5 million homes and demand will only continue to increase, that is definitely ambitious.
When I first saw the plan, my thoughts went to: well, how much can the Administration actually do on its own right now without relying on Congress? There was an ambitious housing supply element to the Build Back Better Package, but we know where that went.
NAC Blog: Part 2: In June, NAHREP Takes on City Council Meetings!
Over the next two months, NAHREP will be attending city council meetings all over the country to hold our local city officials accountable and put pressure on cities to build more entry-level housing for homeownership. The housing gap has reached crisis levels. We can no longer wait. Here’s the deal: no one is asking for more homes for first-time homebuyers. There are folks who are speaking up about affordable housing, which usually means rentals. While more rental housing is important, we can’t forget homes for homeownership! There are also folks speaking up who don’t want anything built in their neighborhood because they don’t want the “character of this city to change.” But if nothing gets built, our housing crisis will only get worse.
NAC Blog: Part 1: In June, NAHREP Takes on City Council Meetings!
For years, all conversations around increasing minority homeownership have been focused on access to credit. How do we secure enough lending programs out there to ensure that first-time homebuyers can get adequate and affordable financing to purchase their homes? This is why the most important conversations around minority homeownership have historically happened within the Department of Housing and Urban Development (FHA), Federal Housing Finance Agency (FHFA, who regulates Fannie Mae and Freddie Mac), and the Consumer Financial Protection Bureau (CFPB).
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”.