NAC Blog: 2021 State of Hispanic Homeownership Report

NAC

NAHREP is the largest Latino business organization in the country, with a network of over 40,000 real estate professionals and 100 local chapters, made up of people who come together to grow professionally. What makes NAHREP so special, however, is that we are a mission-driven organization. The passion for advancing sustainable Hispanic homeownership that reverberates throughout our membership gives a special meaning and purpose to our work. Selling homes to Latino families isn’t just about making money, it’s about changing lives and closing the racial and ethnic wealth gap. These stories and data are at the core of our mission. And that is our State of Hispanic Homeownership Report.

NAC Blog: Dispelling Myths About FHA

NAC

Latinos are twice as likely to purchase a home using Federal Housing Administration (FHA) loans compared to non-Hispanic White households. However, Latino households using FHA loans faced the steepest hurdles in getting their offers accepted last year. If you read the 2021 State of Hispanic Homeownership Report, you know that Latinos were 81 percent more likely to get denied for conventional home purchase loans than non-Latinos, so for many first-time homebuyers, FHA loans were the only option.

Gary Acosta on the policy path to Hispanic homeownership

NAHREP In the News, NAHREP In The News

Over the next two decades, housing finance experts predict Hispanic homeowners will make up 70% of all new homeowners. That figure explains at least some of the palpable optimism among attendees of the policy summit the National Association of Hispanic Real Estate Professionals hosted this week in Washington, D.C. Gary Acosta, the trade association’s CEO, however, isn’t taking those projected gains as a given.

NAC Blog: Neily’s Take on Showing Up

NAC

As we all get ready for the 2022 National Convention and Housing Policy Summit in Washington D.C. next week, I thought I would interview one of our National Board of Directors and advisor to the National Advocacy Committee, Neily Soto, to talk about her journey in becoming active in the policy discussions of her local community in Massachusetts. Neily is a successful businesswoman who understands the power of getting involved and speaking up, particularly around housing inventory.