Posts Tagged ‘Julian Castro’

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.

President Obama recently gave a speech in Arizona announcing areduction in mortgage insurance premiumscharged by the Federal Housing Administration (FHA).

This much-needed policy change will save homeowners with FHA loans an average of $900 a year on their mortgage payments while making the dream of homeownership more affordable and easier to reach for many Americans, including Latinos.

Unfortunately, the key message and potential benefits to hard-working Americans were lost following the announcement.

It’s been a great summer for NCLR as we took the 2014 NCLR Annual Conference to Los Angeles in July, where Senator Elizabeth Warren spoke at a town hall, and where we released a poll on Latinos’ attitudes toward the economy.

Together, we saw Julián Castro confirmed as HUD secretary, becoming only one of four Latinos in President Obama’s cabinet.

Thanks to your support, NCLR saw workers’ rights victories in the form a new USDA rule protecting Latino poultry workers nationwide, and an executive order from President Obama strengthening worker safety for employees of federal contractors.

Thanks for all your support this summer, and read on to see what’s new in Latinomics!

Latinos and the Economy: NCLR and Latino Decisions Release New Poll

At our 2014 Annual Conference in Los Angeles, NCLR partnered with Latino Decisions to release a poll revealing what Latinos really think about today’s economy.