New Findings in Preventing Latino Home Foreclosures

CHCI, Neighborworks(R) America to Present Results of National Focus Groups Senator Bob Menendez, Reps. Joe Baca, Albio Sires to Participate

The Congressional Hispanic Caucus Institute`s National Housing Initiative, HOGAR, in partnership with NeighborWorks(R) America, will present findings of eight national focus groups with Latino-serving housing professionals and propose recommendations for policymakers, market players, and community advocates on how to prevent Latino home foreclosures.

Sen. Bob Menendez (NJ), a member of the Senate Banking, Housing and Urban Affairs Committee, and Rep. Albio Sires (NJ-13), a member of the House Financial Services Committee, will react to the findings and discuss their roles as legislators in addressing the recommendations. CHCI Chairman Rep. Joe Baca (CA-43) will moderate the event.

  What:       Congressional Hispanic Caucus Institute`s HOGAR Initiative
              and NeighborWorks(R) America Release Focus Group Findings to
              Prevent Latino Home Foreclosures

  Who:        Senator Bob Menendez (NJ)
              Representative Joe Baca (CA-43)
              Representative Albio Sires (NJ-13)
              Representatives from HOGAR, NeighborWorks(R) America, Fannie
               Mae, Hispanic National Mortgage Association, and the
               National Association of Hispanic Real Estate Professionals

  When:       Thursday, October 25, 2007
              10:00 am - 12:00 pm panel
              12:00 pm - 1:00 pm networking lunch

  Where:      Library of Congress, The Thomas Jefferson Building
              101 Independence Ave., SE
              The Members of Congress Room

As the rate of home foreclosure in the United States continues to increase, minorities, and especially Latinos, continue to be disproportionately affected. An estimated one in twelve loans to Latinos will end in foreclosure. Decision-makers at government, corporate and advocacy levels face challenges to promoting solutions without reducing access to homeownership.

Source: Congressional Hispanic Caucus Institute

CONTACT: Scott Gunderson Rosa of CHCI, +1-202-548-5876, sgunderson_rosa@chci.org

Web Site: http://www.chci.org/
 
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