NAHREP Legislation

The Five-Point Plan: Refocusing the Future of Minority Homeownership

Hispanic, Asian and African-American real estate leaders in Washington DC this week for the 2011 Multicultural Real Estate & Policy Conference will distribute a joint plan for preserving minority homeownership to elected officials during member visits to Capitol Hill. The plan calls for more diverse and innovative solutions needed to meet the housing challenges facing multicultural communities now and in the future.

NAHREP calls for support of a five-point plan that:

1.

A balanced regulatory approach that will support and encourage sustainable homeownership for qualified and responsible consumers seeking to purchase a home;

2.

Increased diversity in the financial services arena and adequate oversight of minority business utilization and senior management hires;

3.

Maintaining strong government support of the secondary market system that includes the broad network of priary lenders, government-supported securitizatio agencies, and FHA that collectively works to broaden credit availability for all communities at all times;

4.

Strong consumer protection oversight to restor consumer and market confidence in homeownership; and

5.

Mandatory financial education for all first time homebuyers that prepares them for the responsibilities, risks and rights associated with homeownership.


A copy of The Five-Point Plan: Refocusing the Future of Minority Homeownership is available for download by clicking on the image below:

 

 
 
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