The National Association of Hispanic Real Estate Professionals® (NAHREP®) advocates on behalf of its 40,000 members and Hispanic homeowners nationwide. NAHREP focuses on national and state legislative issues that are critical to its mission: to advance sustainable Hispanic homeownership.
NAHREP Urges CA Governor to appoint first CA Latino to U.S. Senate
NAHREP, along with the Latino Donor Collaborate and the UCLA Latino Policy and Politics Initiative, co-lead a broad coalition urging California Governor Gavin Newsom to make a historic appointment by selecting a Latino to fill the vacancy left by United States Vice President-elect Kamala Harris. Prior to this election, only nine Latinos have served in the U.S. Senate, and none have represented the state of California. Nationally, Latinos represent over 60 million Americans; with more Latinos living in the state of California than in any other state in the country. It is time to ensure that California’s voice in the U.S. Senate provides descriptive and substantive representation to the state’s plurality population.
NAHREP issues joint comment letter to FHFA on Enterprise Regulatory Capital Framework
In a joint comment letter submitted to FHFA, NAHREP and a coalition of industry and consumer groups urge the agency to reconsider the proposed enterprise capital rule. While the coalition appreciates FHFA’s attempt to provide a more standardized level of risk-based pricing, the capital requirement as proposed is far too high. As the GSEs are not banks, having bank-like capital requirement will unnecessarily increase costs, reduce credit availability and disproportionately impact borrowers of color. Furthermore, the rule would not meet its goal of reducing risk to the overall housing finance system, but rather redistribute and concentrate it.
NAHREP issues joint statement urging FHFA to reverse directive on GSEs’ Adverse Market Fee
NAHREP joins a broad coalition of organizations representing the housing, financial services industries as well as consumer groups in issuing a joint statement urging an immediate reversal of the Government Sponsored Enterprises’ announcement requiring an additional 50 basis point increase on all GSE-backed refinances effective September 1. Not only does this announcement conflict with the Administration’s recent executive actions urging federal agencies to take all measures within their authority to support struggling homeowners, but the additional fee will be particularly harmful for low- and moderate-income homeowners, first time homeowners and borrowers of color. Now is not the time.
NAC Blog: Democracy, you ok girl?
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. Free and fair elections, or parties and institutions holding each other accountable, was something my family back in Mexico laughed at. There was this sense of resignation and sadness that I heard in their voices when they talked about Mexican Democracy back then.
NAC Blog: New Year, New Stimulus
Feliz año Nuevo! I know this was a rough holiday season for many of us. For me, resolutions, reflections, and all of the usual rituals I do around the New Year were just plain weird. I’m in Southern California, what is now considered the world’s epicenter of COVID outbreaks, so my New Year’s reflection and resolution was just one word: gratitude. So as I start the year, I’m grateful that I’m alive, I’m grateful to have a job, I’m grateful I’m able to smell the morning air and the food I eat, and most importantly, I’m grateful I can call my mom and dad every day and hear their voices. If we’ve learned anything this past year, it is that we cannot take anything for granted. Another thing I’m grateful for? That after almost a year of advocacy on another round of stimulus aid, Congress passed a hefty COVID relief package while we were eating tamales, drinking coquito, and prepping our rosca de reyes.
NAC Blog: In 2020, NAHREP advocacy has been hard at work
As we slowly say goodbye to 2020, it’s important to spend some time reflecting. A lot has happened and I don’t think many of us have had any opportunity to process everything we’ve been through. Personally, I’ve been go go go all year. I, like many of you, lost someone very special to me to COVID-19 this year. To be honest, I haven’t had a chance to process this loss, nor the seismic changes we’ve gone through this year. Over the break, I hope to spend some time just reflecting, making my peace with things and choosing what it is that I want to take with me into 2021. I hope all of you will join me in that. This year has definitely been one of growth and that is the greatest silver lining.
As a powerful force in housing policy and market leadership, NAHREP works closely with many bodies including the executive and legislative branches. Keep up-to-date with what we’re speaking out on in our “New Administration Watch”.