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Policy

Transform the federal policy environment and the policy environments in selected states to remove systemic barriers to increase Latino homeownership.

UnidosUS is transforming the economic trajectory of Latino families by advancing systemic change to create 4 million new Latino homeowners by 2030. Meeting this goal is only achievable by advancing a bold policy agenda, expanding our partnerships, deepening our community outreach, and elevating the importance of Latino homeownership.

Improve homebuyer readiness

Invest in programs to increase Latino homebuyer readiness

It’s up to Congress to increase funding for housing counseling programs and offset skyrocketing housings costs to help today’s renters become tomorrow’s homeowners and unlock the potential of Latino homeownership.  

A photograph of the Capitol building against a clear sky.

Expand access to credit

Eliminate barriers to credit access for Latinos to facilitate the home buying process 

Without safe and affordable access to credit, most Latinos cannot afford to buy a home. But access to credit is not equal for everyone. Latinos often have high debt-to-income ratios, limited credit history, language barriers, and face discrimination that makes it harder for them to get loans. These challenges limit choices and opportunities in the housing market. To increase access to credit for Latinos, we need to expand creative lending options, promote fair lending practices, increase access to financial products, and overcome Latino specific barriers to credit. 

 

A black and white photograph of an African-American couple smiling and shaking the hand of a man whose back is to the camera.

Increase housing supply

Promote policies and incentives that increase housing supply, especially for first-time homebuyers 

Housing supply is a major issue that affects the affordability and availability of homes for Latinos. The current housing market is characterized by low inventory, high demand, and rising prices. This makes it harder for Latinos to find suitable homes that fit their needs and budgets. Increasing housing supply requires investing in new construction, preserving existing affordable units, supporting community development initiatives and overcoming restrictive zoning and land-use policies that limit the types and locations of homes that can be built. 

A black and white photograph of rows of tightly packed two-story homes.

Preserve homeownership for Latinos

Safeguard the generational wealth-building potential of homeownership 

Owning a home is just the beginning for Latino families. They need support to keep their homes during hardships and to preserve their wealth. Factors like unemployment, foreclosure, and insufficient funds for maintenance can threaten their stability. To protect and build wealth for Latino homeowners, we need foreclosure prevention services, fair home valuations, and support for multigenerational wealth transfer. Public policies must also eliminate appraisal bias and facilitate the transfer of wealth across generations to ensure lasting homeownership and equity for Latinos. 

 

A black and white photograph of a woman, out of focus, holding a set of keys with a house shaped keychain, in focus, in front of the camera.

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