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.
A few weeks ago, the National Advocacy Committee Regionals met for a virtual retreat to plan out the year and dream big goals for what we can accomplish as we grow our advocacy operation. As we prepare for a year of big legislative fights, such as increasing housing inventory and passing immigration reform, we need to be prepared and ready to wield the power of our people when it counts. One of the primary ways in which we do that is through growing our National Advocacy Committee, individuals that have raised their hand to join our advocacy efforts. If you are receiving this blog post via email, you’ve likely already joined the NAC. You know the drill, you’re a rock star! If you’re reading this through social media, we invite you to join today.
Aside from my work in the policy and advocacy space, I run the Hispanic Wealth Project along with HWP Chairman Jerry Ascencio. One of my favorite things about the NAHREP 10 is that no matter where we are in our financial journey, whether we just got our real estate license and are working on paying off our credit cards or we’re extremely successful business owners, there is always a place to improve. For me, I’ve been focusing on tackling NAHREP 10 Discipline #5: Invest at least 20% of your income in real estate and stocks, because they are the best and safest way to build wealth.
Let’s talk about immigration today. I am declaring it into the universe: We will pass comprehensive immigration reform by the end of the year. Who is with me here? I’ve had a front row seat to two previous attempts at passing an immigration reform bill in Washington D.C. The reason these bills haven’t passed is because immigration is HARD. Immigration is what is known in politics as a wedge issue, or issues that invoke strong responses from both sides.
NAHREP Statement on Nomination of Rohit Chopra as Director of the CFPB The National Association of Hispanic Real Estate Professionals® (NAHREP®) congratulates President Biden for his selection of Rohit Chopra to lead the Consumer Financial Protection Bureau (CFPB). The CFPB is one of the most critical agencies to NAHREP’s mission of advancing sustainable Hispanic homeownership…
NAC Blog: A new President and a flurry of executive actions, the fate of the GSEs & NAHREP CA takes on housing inventory
Today we wake up to a new President. Yesterday we saw the first Latina Supreme Court Justice swear in the first woman of color to the office of Vice President, and J-Lo reclaimed our place in this country by singing “This Land is Our Land.” So much to unpack there. However, between last week and this week a whole lotta POLICY that applies to our mission happened so let’s get right to it.
The National Association of Hispanic Real Estate Professionals® (NAHREP®) congratulates President Joseph R. Biden and Vice President Kamala Harris on their historic inauguration as 46th President and 49th Vice President of the United States of America.
As the daughter of immigrants, I tend to look at “Democracy” through the lens of my parents and my grandparents. I grew up hearing stories of how the Partido Revolucionario Institucional (PRI), the party that dominated Mexico for 71 years, would go into the “ranchos,” or rural Mexico where my family comes from, and buy people off prior to elections by giving them free washing machines or refrigerators in exchange of votes.
The National Association of Hispanic Real Estate Professionals® (NAHREP®) congratulates President-elect Biden for his selection of Isabel Guzman as head of the Small Business Administration (SBA).
Ms. Guzman’s experience at the SBA during the Obama administration and her contributions as director of California’s Office of the Small Business Advocate place her in an ideal position to contribute to an agency that intimately impacts Latinos.
NAHREP Statement about Violence at the U.S. Capitol The National Association of Hispanic Real Estate Professionals® (NAHREP®) condemns the lawless attack on the U.S Capitol yesterday. The violent actions were abhorrent and do not represent who we truly are as a country. “Yesterday’s scene in the nation’s Capitol Building was one of the darkest moments…