NAHREP Policy Actions

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.

Nov172022

NAHREP joins a coalition to urge Congress to permanently extend the Mortgage Insurance Premium Tax Deduction

Policy Actions

NAHREP joined a coalition to urge the Senate to make the current mortgage insurance premium tax deductions permanent and increase its income phaseout. For years, mortgage insurance premiums have been tax deductible and subject to an income phaseout for taxpayers with adjusted gross incomes (AGI) over $100,000 (or $50,000 if single or married, filing separately). Millions of low- and moderate-income homeowners have benefited from the tax code. However, the provision’s temporary nature and low income phaseout could create a burden in allowing additional families to claim the deduction. The AGI cap has not changed since 2007, when the deduction first took effect.

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Oct202022

NAHREP urges HUD to decrease FHA Mortgage Insurance Premium and end the life of loan provision

Policy Actions

NAHREP joined the National Housing Resource Center and other housing advocates signed a letter asking HUD to lower the FHA Mortgage Insurance Premium by 25 to 35 basis points and end the life of loan requirement on the FHA Mortgage Insurance Premiums. These changes would make FHA-insured mortgages more affordable for homebuyers at the point of sale and reduce monthly payments in the long term. As the U.S. is currently facing rising interest rates and record low housing affordability, now is a critical time to act on these initiatives.

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Nov292021

NAHREP offers recommendations for proposed ruling on DACA

Policy Actions

NAHREP submitted a comment letter to the Department of Homeland Security (DHS) on November 29, 2021, encouraging a reevaluation of the proposed changes to the Deferred Action for Childhood Arrivals (DACA) program. While we are heartened to see DHS make efforts to preserve and strengthen DACA, we offer recommendations that will bolster the program even further. We encourage DHS to secure work authorization for DACA recipients, recognize them for their economic contributions during the COVID-19 pandemic, and update DACA eligibility standards.

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Jul222021

NAHREP urges Congress to refrain from utilizing Fannie Mae and Freddie Mac (“the GSEs”) guarantee fees (“g-fees”) as a source of funding offsets in Infrastructure package

Policy Actions

NAHREP joined a coalition of institutions that span the entire housing finance ecosystem to ask Congress to refrain from using Fannie Mae and Freddie Mac (“the GSEs”) guarantee fees (“g-fees”) as a source of funding offsets in Infrastructure package. G-fees should only be used as originally intended: as a critical risk management tool to protect against potential mortgage credit losses and to support the GSEs’ charter duties.

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May42021

NAHREP Supports the nomination of Julia Gordon as Assistant Secretary for Housing and Federal Housing Administration (FHA) Commissioner

Policy Actions

NAHREP joins a broad spectrum of the housing industry and community advocacy groups to strongly support the nomination of Julia Gordon as Assistant Secretary for Housing and Federal Housing Administration (FHA) Commissioner at the U.S. Department of Housing and Urban Development (HUD). FHA plays an integral role in ensuring low- and moderate-income individuals and underserved communities have access to safe and affordable mortgage financing. Gordon has had an exemplary career in both the housing and housing finance fields and her leadership positions provide her a robust background in matters affecting the housing and mortgage industries.

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Feb162021

NAHREP responds to the Federal Reserve’s proposed changes to the Community Reinvestment Act (CRA)

Policy Actions

In response to the Federal Reserve’s proposed changes to the Community Reinvestment Act, NAHREP urges the Federal Reserve to strengthen the rigor of CRA exams in order to expedite a full economic recovery, particularly for those most affected by the COVID-19 pandemic. NAHREP encourages the Federal Reserve to prevent grade inflation by preserving the five subtest threshold at the state-level, require race and ethnicity data on CRA exams, and continue support for enhanced data collection, including community development financing data.  NAHREP commends the rule’s focus on transparent data analysis and quantitative measures of impact on communities.

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Aug312020

NAHREP issues joint comment letter to FHFA on Enterprise Regulatory Capital Framework

Policy Actions

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…

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Aug142020

NAHREP issues joint statement urging FHFA to reverse directive on GSEs’ Adverse Market Fee

Policy Actions

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.

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Jul272020

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.

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