New Findings in Preventing Latino Home Foreclosures

“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. Congressional Hispanic Caucus Institute

Web Site: www.chci.org/ “*

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