Latinos Looking for a Place to Call Home: How Hard Will it Be?

By Agatha So, Policy Analyst, Economic Policy Project

Photo: American Advisors Group

Ten years after one of the worst financial crises in history, our nation’s economy is recovering, and the housing market is finally getting back to “normal”, according to the Harvard Joint Center for Housing Studies’s (Harvard JCHS) State of the Nation’s Housing Report. Yet, for many Americans, especially communities of color and low-income households, the recovery has yet to trickle down into their neighborhoods. Latino families, who were hit hard by the foreclosure crisis, are just now recovering some of what they had lost nearly a decade ago.

In a national poll of Latino voters, an overwhelming majority of respondents said that they would like to own a home. However, these voters were split on whether they thought they could find affordable housing in the neighborhood where they would want to live. Forty percent of voters reported they would be able to find an affordable place to live and in a location where they want to live, and 9 percent said they had already found that place. On the other hand, 47 percent of voters reported that they don’t think it would be possible to find an affordable place to live and in the neighborhood where they would want to live.

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Advance Your Career at NCLR

Photo: GotCredit

We’re always searching for great and exceptional talent to join the NCLR familia. Currently, we’re looking for a Financial Capability Program Specialist and an Associate Legislative Analyst, both based out of our Washington, D.C. Headquarters

The Financial Capability Program Specialist will organize the development, administration, and execution of project activities in cooperation with and under the direction of the Associate Director of Financial Capability.

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Latinos Have Much to Lose Under Senate GOP Health Care Bill

In May, the House of Representatives passed a bill that would strip health coverage from 23 million Americans and slash more than $800 billion in federal funding from the Medicaid program. Yesterday, the Senate GOP released its proposal and it is just as cruel as the House version, if not more so, including even deeper cuts in federal funding to the Medicaid program. This proposal is a threat to millions of Americans, including Latinos.

This week Families USA and NCLR released new state fact sheets highlighting just how much is at stake for Latino children and families in states like Arizona, Nevada, Colorado, and Florida. Since the implementation of the Affordable Care Act, more than 20 million Americans have gained health insurance, including more than four million Latino adults and 600,000 children. In states like Arizona, Nevada, Colorado, and Florida, these gains have been particularly significant, especially when it comes to children’s access to health care. Those gains are now in jeopardy.

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Giving Credit Where it’s Due: Latinos and Credit Scores

By Agatha So, Policy Analyst, Economic Policy Project, NCLR
Family in front of house

In the run up to the Great Recession, Latinos and other low-income homebuyers of color more often than not received higher-priced mortgage loans than White borrowers. Today, Latinos and low-income communities of color are still being short-changed in the mortgage market.

In 2015, few mortgages were made to Latino and Black borrowers, with 8% of all home purchase loans made to Latinos, and only 5% going to Black borrowers. Tight lending standards have made it difficult for millions of Americans to buy a home since the Great Recession, especially for Latinos and low-income families with credit scores below 700. While the minimum credit score needed to qualify for a home loan has increased by 40 points, the credit scores of Latinos who receive mortgages have increased by nearly 80 points since 2000.  Moreover, Latino borrowers are less likely than White borrowers to have a credit score and full credit history, making them appear riskier to lenders than they really are.

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Senators Bob Menendez and Cory Booker Join NCLR’s Janet Murguía to Discuss the Latino Community’s Top Priorities

June 19, 2017                                           


Gabriela Gomez
(202) 776-1732

Special event focuses on how lawmakers are pushing back against the Trump administration’s harmful policies

NEWARK, N.J.—Today, NCLR (National Council of La Raza) released its new policy agenda for the 115th Congress during a special forum that featured an informative and lively discussion moderated by NCLR President and CEO Janet Murguía with New Jersey Senators Bob Menendez and Cory Booker. The conversation, held at Rutgers Business School, also focused on the steps the senators are taking to push back on the Trump administration’s harmful policies and defend the progress the Latino community has made in recent years.

Efforts to slash funding for Medicaid and essential nutrition programs, the attempts to repeal the Affordable Care Act and a doubling-down on draconian immigration policies have put our community on high alert. NCLR’s report, titled “2017 Latino Priorities, American Values: A Latino Policy Agenda for the 115th Congress,” recommends policies to strengthen opportunities for Latino workers, families and students. The agenda also examines the progress the Latino community has made in recent years in vital areas including immigration, health care, education and the economy.

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