Landlord Survey Results: Small Landlords Adversely Impacted by COVID-19

Policy Actions

The National Association of Hispanic Real Estate Professionals (NAHREP) and UC Berkeley’s Terner Center for Housing Innovation partnered to survey NAHREP’s membership to gauge the experiences of small “mom and pop” landlords during the pandemic. The responses indicate great concern as many of the CARES Act’s support expire, and the need for targeted assistance grows. The survey was administered between June 29, 2020 and July 9, 2020 and received 620 responses, of which 380 came from owners or managers of rental properties. Download the fact sheet for an analysis of those responses.

NAHREP urges reevaluation of proposed reform to the Community Reinvestment Act regulatory framework

Policy Actions

NAHREP submitted a letter on April 8, 2020 urging the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) to rethink some of the proposed changes to the Community Reinvestment Act (CRA). NAHREP believes that the current proposal would result in significantly fewer loans, investments and services to Latino communities. While some of the changes are positive, the proposed rule, as it stands today could jeopardize investments made to communities with high Latino populations, reduce access to credit for credit worthy families, and ultimately hamper economic activity within the housing market at a time when it is most urgently needed.

NAHREP urges the passage of the SECURE Notarization Act of 2020

Policy Actions

In order for real estate professionals to continue to do business from the safety of their homes, it is imperative that current regulations preventing remote home sales and mortgage transactions be lifted. NAHREP urges law makers to remove all red tape involving remote home sale transactions. The Remote Online Notarizations (RONs) will allow a notary and signer to safely and securely execute electronic documents using a two-way audiovisual communication. As of now, 23 states have approved the use of RON technology. However, borrowers in more than half the country remain unable to close on a real estate transaction without an in-person signing.

NAHREP Urges Swift COVID-19 Economic Relief in Letter to White House and Congress

Policy Actions

Slowing the spread of COVID-19 and preventing the loss of human life must be a priority. In addition, it is critical that government swiftly and decisively addresses the impact the coronavirus is having and will continue to have on the nation’s economy. NAHREP wrote a letter urging immediate action to protect the housing industry and Latino families through these difficult times.

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.