NCLR: New Housing Finance Policies Could Help Open the Door to Homeownership for Latinos

FOR IMMEDIATE RELEASE

Contact:
Joseph Rendeiro
(202) 776-1566
jrendeiro@nclr.org

In his first public speech since taking office, Mel Watt, Director of the Federal Housing Finance Agency (FHFA), announced several new policies that will expand homeownership opportunities for hardworking Americans, which will ultimately help Latinos gain access to safe and affordable mortgage loans.

“We are pleased to see Mr. Watt taking the necessary steps to ensure that credit is available to first-time homebuyers, who will fuel growth in the housing market over the next decade,” said Eric Rodriguez, Vice President of the Office of Research, Advocacy and Legislation at NCLR (National Council of La Raza). “Securing viable home loan options for Latinos, who will account for half of the new homebuyers by 2020, is critical to stabilizing our housing market. We applaud the FHFA for initiating these policies, which will help more Latinos and other underserved communities enter the housing market for the first time. NCLR looks forward to working with the agency to ensure that Latinos are able to achieve the American Dream of homeownership.”

###