Bank of America’s new options address needs of Hispanic prospective homeowners, growing market

Industry Update, Que Pasa NAHREP

Bank of America’s recent Community Homeownership Commitment™, first introduced in April, has received positive feedback for its impact on first-time homebuyers, an audience which is increasingly comprised of Latinx consumers.
“More than 60% of U.S. Hispanics are millennials or younger, meaning they are just now aging into financial services experiences and major purchases such as homeownership,” explained 2019 NAHREP President David Acosta. Home purchases in the last decade have reflected this demographic shift, with Latinxs accounting for 63% of net U.S. homeownership growth between 2008 and 2018.

NAC Blog: DACA and the YIMBY Movement: The Power of Showing Up

NAC

I spent all of last week in Washington D.C. for my own version of “Capitol Hill Visits.” In the span of three days I met with 12 different offices, all members of the Congressional Hispanic Caucus. It was cold in D.C. for this chica! I’ve now gotten used to living in sunny San Diego, but I do have to say I miss the fall. Why can’t San Diego have fall leaves? Can we import those and keep the sun?

NAC Blog: Will 2020 be the Nation’s CA Prop 187 moment?

NAC

I was in middle school when Prop 187 passed in California. I vividly recall being in P.E. class in my smelly gym clothes overhearing a group of teachers discussing what the proposition meant for the school and for its students, a majority of which were Latino. I remember watching a group of girls roll their eyes at the demonstration a group of Latino students had organized to protest the proposition.

NAC Blog: The MBA, Keith Urban & The Patch

NAC

I had the pleasure of spending last week at the Mortgage Bankers Association Conference in the beautiful city of Austin, Texas. Aside from the insightful information I learned at the conference, my personal highlight was eating at a new restaurant called Suerte. I must say, I was impressed by Executive Chef Fermín Nuñez. I saw that the restaurant was featured as one of the 18 best new restaurants in the country by Eater last year, and I can see why.

NAC Blog: Que onda mi gente?

NAC

Hope everyone got up today with a smile, brewed your cafecito (with foam), and blasted your favorite song to get your day going. I don’t know about you but my favorite song to either get to dancing or to completely transform my mood is “La Bicicleta” by Shakira. There’s something about the vallenato in that song that fills my soul like my mom’s “sopita de fideo.” Maybe I was Colombian in another life.

NAHREP Submits Letter to HUD Regarding the Reconsideration of HUD’s Implementation of the Fair Housing Act’s Disparate Impact Standard.

Policy Actions

In a letter submitted to the Department of Housing and Urban Development (HUD), NAHREP urges HUD to maintain the standard the agency adopted in its 2013 final rule, “Implementation of the Fair Housing Act’s Discriminatory Effects Standard.” The letter highlights several key concerns with the proposed rule change, including algorithmic bias, stifled innovation and negative consumer impacts.

National Advocacy Committee Blog

NAC

Hola familia! For those of you who don’t know me, my name is Noerena or “Noe” as many in the NAHREP family have come to call me.  I like tofu, my favorite color is yellow, policy is my jam, and I think tapping into the power of NAHREP so that we speak up, rise up and become one of the most powerful Latino organizations in the country is right about the coolest job a gal could have.