Posts Tagged ‘National Homeownership Month’
June 5th, 2015 by admin
Homeownership represents financial security for Latino families and a better life as they work every day to achieve the American Dream.
Homeownership is great for Latino families and for society as a whole as it fosters investment in the community, as well as safe and stable neighborhoods.
For NCLR’s National Homeownership Network (NHN), this is an integral part of our mission.
NHN helps Latino families purchase a home and reduces the large homeownership gap between White and Latino owners.
Homeownership rates had been steadily increasing until the foreclosure crisis in 2007 hit. Since then, the rate of Latino homeowners has dropped significantly. According to the State of Hispanic Homeownership Report, in 2012, the rate of Latino homeownership was down to 46.1 percent.