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.
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: Lumber shortages fuel the housing inventory crisis
What is more valuable than gold right now and is adding fire to our housing inventory crisis? You got it: LUMBER! First, we were out of toilet paper, then we couldn’t find any disinfectant wipes anywhere, and now, lumber “se va de Home Depot and Lowes como pan caliente.” I know many of you have seen the memes or the TikToks by now highlighting just how crazy this whole “run on lumber” has gotten, so I thought I would give you a quick timeline of how we got here.
NAC Blog: The 2-minute Latino homeownership narrative
I have a challenge for all of you: Let’s show the country how powerful our network actually is. We put a lot of work into our State of Hispanic Homeownership Report. It’s how we measure progress, how we get the country to see the power of investing in the Latino community, and it is also the way we change the narrative about Latinos in the U.S. Latinos are the engine behind the housing market and therefore, behind the U.S. economy. It is time more people realized that. While not everyone will take the time to read a report, our newly released State of Hispanic Homeownership Report film captures the essence of the report in 2 minutes. Here’s how you can be a part of the movement, and how you can help change our narrative.
NAC Blog: Passing a bill in a divided Congress
First of all, a major shout-out to everyone who participated in NAHREP’s 2021 Capitol Hill Visits over the past two weeks. In total, NAHREP did 42 meetings and 202 of you participated in at least one meeting. Major kudos to our chapter leaders from around the country and our Government Affairs Directors. From Illinois to Texas, California to Florida, we traveled the country virtually, passionately advocating on behalf of our mission. But it doesn’t end there! We created talking points and met together to prep before each meeting, essentially creating the road map to make sure that this is just the beginning of our advocacy work this year. You all have the tools to do more of these meetings going forward, and NAHREP national has a policy department that is here to help and support you every step of the way. Remember that relationships take time. It’s a long game not a one time transaction!
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”.