For many first-time homebuyers, mortgage insurance is a necessary but costly part of the path to homeownership. Mortgage insurance allows buyers to secure a mortgage with a lower down payment than the traditional 20%, but the added expense can make homeownership less affordable over time.
Read moreHousing policy in the United States is deeply influenced by Congress, even if it is not always the first entity that comes to mind. Congressional decisions shape housing supply, affordability, and access to affordable mortgage credit. Understanding how Congressional committees and their leaders influence housing policy is essential for anyone invested in the housing market.
Read moreWhen considering how the housing market works, we usually think of buyers, sellers, and lenders. But behind the scenes, there is another important player that helps keep everything running smoothly and money flowing to local lenders: the Federal Home Loan Banks (FHLBs). These 11 regional banks provide a critical source of funding for their member financial institutions, including banks, credit unions, and insurance companies.
Read moreWhen weighing solutions to the growing housing affordability crisis in the U.S., it is critical that buyers, builders, and housing advocates think beyond traditional single-family homes. While the large house with a white picket fence in a quiet, suburban neighborhood has long been a calling card of the American Dream, focusing on single-family homes no longer serves the needs of our communities. Expanding the range of available housing types will be essential to solving the crisis.
Read moreLast month, the U.S. Department of Housing and Urban Development (HUD) announced long-awaited updates to the Federal Housing Administration’s (FHA) 203(k) Rehabilitation Mortgage Insurance Program. As an industry stakeholder, NAHREP has advocated for updates to this program, including raising repair limits and making the program more accessible in today’s housing market. Now that these updates have been released, we are excited to dive into the program details, including the key changes and what you need to know if you want to get more involved in expanding access to the program.
Read moreThis year’s State of Hispanic Homeownership Report tells a story. In addition to the data and research analyzing homeownership attainment among Latinos in the U.S., NAHREP commissioned photographer Adriel Salazar to capture images of real families that purchased a home in Houston, Texas last year. These photos capture a pivotal moment in time and humanize the Latino homeownership journey. NAHREP chose to feature families in Houston because the city was the third highest-ranking market that added the greatest number of new Latino homeowners over the last two years. Overall, Texas continues to be home to the nation’s top opportunity markets for new Latino homebuyers.
Read moreLa familia is at the crux of multigenerational living among Latino households. Many of us, or someone we know, live with a grandparent, an aunt or uncle, etc. This isn’t surprising. We know anecdotally that Latinos are more likely to live in a multigenerational household compared to other demographic groups, but what does the data actually show? Insights from the State of Hispanic Homeownership Report found that Latinos are among the most likely demographic to live in a multigenerational household, a trend that is increasing as housing affordability worsens.
Read moreCarrying on a 20-year-long tradition, nearly 200 NAHREP members attended meetings with 45 Congressional offices on Capitol Hill as part of NAHREP’s Homeownership & Wealth Building Conference annual fly-in. It was wonderful to see so many passionate and driven professionals come together for a common goal – to advocate on behalf of NAHREP’s mission, to advance sustainable Hispanic homeownership. During these meetings, our members shared NAHREP’s 2022 State of Hispanic Homeownership Report and the newly released policy priorities for this year
Read moreFamilia, tenemos buenas noticias: the Temecula Valley chapter has been awarded Advocacy Chapter of the Year! We are amazed by Temecula Valley’s commitment and passion for advancing NAHREP’s mission. This chapter has truly demonstrated passion, commitment, and expertise when advocating for Latino homeownership.
Read moreAs the NAHREP National Advocacy Committee (the NAC) launches into its fourth year, we wanted to take a moment to reflect on how far we’ve come. Our very first blog was published in October of 2019, where we told you what to expect when you sign up for the NAC and take action with NAHREP. Since then, we’ve had 4,462 NAC sign ups and have sent 7,373 emails and phone calls to our legislators. That’s a big deal! And a huge credit to the work all of you have done to advance our mission.
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