Nation's Building News Online

NAHB Announces Effort to Increase Hispanic Home Owners

In support of the Bush Administration’s goal to increase home buying opportunities for minority families, NAHB is joining with Nueva Esperanza, the country’s largest Hispanic faith-based community development corporation, in an ambitious venture that will begin during the 2005 International Builders’ Show in Orlando.

The Orlando Project will build homes on 20 acres owned by Hispanic congregations in the area. NAHB is currently exploring the possibility of offering one or more model homes displayed at the show to home buyers in the community.

In addition to acting as the home building arm of the initiative, NAHB will participate in seeking support from state and local government agencies and identifying financing resources, Gary Garczynski, the association’s immediate past president, said in ceremonies in Washington, D.C. last week to commemorate the new partnership.

Sponsored by: 2-10 Home Buyer's Warranty

Need to Buy General Liability Insurance?
Are You Controlling Your Exposure to Moisture, Mold and Fungus?
Structural Defects, Can They Happen to You?
Insurance Coverage a Challenge?

“In partnership, our organizations will achieve great success that will be reflected in Hispanic communities across the country for decades to come,” he said.

NAHB and 22 other national organizations are active in the Bush Administration’s “Blueprint for the American Dream,” which seeks to increase the nation’s minority home owners by 5.5 million before the end of the decade.

Accompanying Garczynski at the welcoming reception were HUD Secretary Mel Martinez and Rev. Louis Cortés, president of Nueva Esperanza. Also on hand were representatives of the Federal Home Loan Bank of Pittsburgh and Lowe’s Home Improvement; both are partners in the program.

To follow the project in Orlando, Nueva Esperanza and NAHB are looking for similar opportunities in Hispanic communities in California, southern Florida, New York City, New Jersey and Pennsylvania.
[ Go to Top ]

Sponsored by: Countrywide Home Loans

See how Countrywide can protect your buyers with a complete line of home and property insurance products.
Discover how our Fixed Equity Loan offers a payment you can count on.