Jun302022

NAC Blog: Emerging Opportunities in Home Building

NAC

As you know, NAHREP, a 22-year-old organization, has a clear mission to advance sustainable Hispanic homeownership. NAHREP’s Policy Department, a wing of the organization that I started 4 years ago, is still a kid in comparison to the broader organization. But, like the organization, it is important that the department also has a clear mission statement. I would say that the NAHREP Policy Department’s mission is to advance sustainable Hispanic homeownership through advocacy, thought leadership, stakeholder relationships, research, and education.

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Jun162022

NAC Blog: Immigration reform does not mean open borders

NAC

This week marks the 10th anniversary of the creation of the DACA program or the Deferred Action for Childhood Arrivals program. For ten years, Dreamers who arrived in this country as minors have been able to live close-to-normal lives when it comes to work, education, and basic government services without the fear of deportation. I want to remind us all that these are our friends, NAHREP members, NAHREP clients, and NAHREP family members. However, the program has come under attack by various court cases, and in the midst of one of the most politically polarized environments this country has ever seen, DACA is on shaky ground.

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Jun92022

NAC Blog: Spotlighting State Legislation on Housing Supply

NAC

I’m currently at our Corporate Board of Governors (CBOG) Retreat and I was reminded of my favorite thing about NAHREP: the beautiful lifetime friendships that are built through this network. I had the pleasure of having dinner with some of my favorite NAHREP personalities, including Jerry Ascencio, Marc Hernandez, Cristian Correa, AT Almeida, and Alex Garza. We laughed harder than I have laughed, quite frankly, in a very long time. I needed that laugh. We were vulnerable, teased each other, told stories about our families, and through laughter, we established deeper bonds with one another than ever before. No pretense, no airs, no politics, just pure friendship. It went down as one of my favorite, most wholesome NAHREP experiences ever.

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Jun22022

NAC Blog: Here’s your comeback. FAQ for NAHREP advocates

NAC

It’s June! Can you believe that? We’re essentially halfway through 2022! I can’t even wrap my head around that. But, with any milestone, it’s important to do some reflections. A couple of highlights from the first half of this year: This March, we released our 11th edition of the State of Hispanic Homeownership Report where we not only featured artists, but we conducted the first-ever qualitative study, using our members to help us tell the story of Latino homeownership.

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May192022

NAC Blog: The White House’s Housing Supply Action Plan

NAC

Many of you might have heard about the Biden Administration’s Housing Supply Action Plan by now. I thought I would break it down so that we all know what to be excited about and what to be cautiously optimistic about. According to the plan, if implemented, the housing shortage will be filled in 5 years. Given that we are short about 5.5 million homes and demand will only continue to increase, that is definitely ambitious.

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May122022

NAC Blog: Part 2: In June, NAHREP Takes on City Council Meetings!

NAC

Over the next two months, NAHREP will be attending city council meetings all over the country to hold our local city officials accountable and put pressure on cities to build more entry-level housing for homeownership. The housing gap has reached crisis levels. We can no longer wait. Here’s the deal: no one is asking for more homes for first-time homebuyers. There are folks who are speaking up about affordable housing, which usually means rentals. While more rental housing is important, we can’t forget homes for homeownership!

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May52022

NAC Blog: Part 1: In June, NAHREP Takes on City Council Meetings!

NAC

For years, all conversations around increasing minority homeownership have been focused on access to credit. How do we secure enough lending programs out there to ensure that first-time homebuyers can get adequate and affordable financing to purchase their homes? This is why the most important conversations around minority homeownership have historically happened within the Department of Housing and Urban Development (FHA), Federal Housing Finance Agency (FHFA, who regulates Fannie Mae and Freddie Mac), and the Consumer Financial Protection Bureau (CFPB).

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Apr282022

NAC Blog: NAHREP Virtual Capitol Hill Visits

NAC

This week the NAHREP familia took Congress by storm, meeting with a total of 53 U.S. Representatives and U.S. Senators, 20 of which are member meetings. That means an actual Member of Congress joined almost half of our meetings! This is probably the most member meetings we’ve had since I joined NAHREP. This is a testament, I believe, to the work we’ve been doing at the National Advocacy Committee to increase our footprint and relationships in Congress. Your voices matter. I’ve said this before, and I’ll say it again, we can complain all day long or we can use our voices and experiences to put pressure on the individuals who can actually do something about the problem.

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Apr212022

NAC Blog: What do we do about institutional investors?

NAC

Let’s talk about institutional investors. I’ve heard from many of you that this is increasingly becoming a problem in your markets. Investors are sweeping up the little housing stock there is for first-time homebuyers. In fact, in the third quarter of 2021, investors bought up a record number of properties nationwide: a total of 90,215 units worth $63.6 billion, the vast majority of which (74.4 percent) were single-family homes. This trend was highly pronounced in counties with high Latino populations.

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Apr72022

NAC Blog: Let’s Talk About Appraisal Bias

NAC

NAHREP is squarely focused on bridging the wealth gap, and we know homeownership is one of the most critical strategies for building generational wealth. According to the State of Hispanic Wealth Report, Latino homeowners have 28 times the wealth as Latino renters, with Latino homeowners having a median household wealth of over $170,000 versus over $6,000 for Latino renters. However, we also want to make sure that Latinos are reaping the same rewards from homeownership as other groups on our road toward wealth creation. This is why the issue of appraisal bias is so important. How much a home is appraised for determines how much equity an individual can derive from owning a home.

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