For years, at NAHREP we’ve been encouraging our members to invest in real estate and rental properties as a means to build wealth. Lately, a lot of policy conversations have revolved around rental assistance, but with little regard for landlords, who happen to also struggling small business during this pandemic.
Como andamos? I am excited to welcome all of the new members to the National Advocacy Committee (NAC) and thank you to everyone who responded to our first ever national advocacy campaign last week that put our grassroots operation to work. We tried to make the process as easy as possible and we appreciate every one of you who sent the email to your Senators. The more a Member of Congress hears from their constituents on a particular issue, the more they’re likely to listen.
It’s time to show the world what we’re made of. When we created the National Advocacy Committee (NAC), we knew that if we organized our 40,000 members to be the voice of Latino homeownership, we absolutely could make a difference. If we each reached out to our own elected officials with a common message, the weight of our numbers and our power would be unstoppable.
In the recent NAHREP COVID-19 Member Survey, the majority of you urged NAHREP to prioritize advocating for the protection of credit scores during this pandemic and we couldn’t agree more. Few items will be more consequential to the advancement of sustainable Hispanic homeownership for years to come than the protection of credit scores.
In the midst of having a case of cabin fever this week, I decided to take a drive through the agricultural fields of Chino, California. The fields were lined with farm workers hard at work picking fruits and vegetables for our consumption, individuals who are undoubtedly essential through this pandemic. It’s easy to take the food we eat for granted. It’s also easy to forget that the people who do the back-breaking work of producing our food supply are often undocumented.
I’ve been thinking a lot about the NAHREP 10 disciplines. Of course, the one that pops out right now for me in neon lights is the ominous: Live below your means and be ready for the next recession because downturns are a regular part of our economic cycles. Regardless of whether we heeded that advice and saved for a rainy day, the most important thing right now is #mindset. At NAHREP, we stay positive, we push forward, we think ahead, and we innovate.
Last week we released our 2019 State of Hispanic Homeownership Report where we celebrated five consecutive years of Hispanic homeownership growth. Latinos are the youngest and fastest growing population, and have the highest labor force participation and household formation rates.
Reporting from California, this is week 4 of quarantine! I know this week has been particularly tough, anxiety has gotten the best of many of us, and the virus is continuously getting closer and closer to our social circles. This is why I propose that we make this weekend one to remember.
Greetings from California where we are on Day 18 of statewide sheltering-in-place. I hope many of you are investing in some Zoom stock because as a society we are now working, learning AND socializing on Zoom. I’m seeing birthdays being celebrated on Zoom, book clubs, happy hours, even retirement parties!
Wow. This week was a whirlwind. So much has happened and continues to happen as our country reshuffles itself into a new reality. I’ve appreciated all of your stories, input, comments on social media, reposts and private messages. Our community is so powerful, resilient, and resourceful, and we have shown the face of that spirit in full force this past week.