Working to improve America's housing system and end unnecessary foreclosures

April 2015 Latinomics: Tax Time!

April 2015 Latinomics: Tax Time!

Latinomics Cropped

It’s tax time, the perfect occasion to highlight the importance of the Child Tax Credit and the Earned Income Tax Credit to Latino working families. These credits encourage work, keep millions of families out of poverty, and have lifelong benefits for kids and families.

In recent months, NCLR has worked to ensure home care workers were not excluded from minimum wage laws and released a report on the remarkable resilience of Latino youth in the face of adversity. When congressional proposals threatened to weaken crucial gainsmade by the Consumer Financial Protection Bureau (CFPB), our network stood strong in preserving consumer rights.

Thanks for all your support. Read on to see what’s new in Latinomics!

The Power of Refundable Tax Credits

This tax season, those of us expecting a refund probably filed our taxes earlier than the April 15 deadline. Millions of low- and moderate-income workers will qualify for the Earned Income Tax Credit (EITC) and the Child Tax Credit (CTC).

find out more

Dept. of Housing and Urban Development Makes Progress for Latino Families

Dept. of Housing and Urban Development Makes Progress for Latino Families

In his first congressional hearing since being confirmed last summer, Julián Castro, Secretary of Housing and Urban Development, testified before the House Financial Services Committee today on his agency’s progress and accomplishments.

This hearing couldn’t come at a more critical time, given that Latino families are still struggling to rebuild the wealth they lost during the Great Recession.

Though an economic recovery is now under way, Latinos are not necessarily seeing improved outcomes in access to mortgage credit.

Just last year, Hispanic home-buyers made up only 6 percent of the conventional mortgage market, despite comprising 17 percent of the population.

find out more