This mortgage credit crises is especially hard for Latino families in that homeownership is our biggest asset and the loss of equity threatens our economic stability
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Our Economic Power: 
Our economic power and political power is growing. Let's use it to make changes that benefit our communities.

Facts about the Latino Buyer/
Puntos del comprador latino.

  Latino business ownership is growing three times as fast as the national average.
Latino purchasing power is expected to reach more than $1 trillion by 2011, according to the Census Bureau and other studies.
The Latino consumer market here in the U.S. is actually as big or bigger than the GDP of Mexico or Canada.
The Latino U.S. market is second largest economy in North America.
There are nearly 1.6 million Latino-owned businesses, producing nearly $222 billion in revenue, in 2002.

Latino buying power will reach almost $1.2 trillion by 2011 -- about six times what it was in 1990
Latino buying power will be just over $860 billion in 2007, an 8 percent increase from 2006.
The Latino community will top all minority groups for purchasing power.
Advertisers spent more than $3.3 billion in the United States to market products to Latinos in 2005


Latinas in Business:
A growing number of Latino business owners are women, generating nearly $46 billion in sales nationwide last year, according to a study published this year by the Center for Women's Business Research.
The study estimates that in 2006, almost 750,000 businesses in the United States were majority-owned by Latina women -- an increase of 121 percent in the period from 1997 to 2006.
Latinas represent about 37 percent of all Hispanic businesses. For the nation as a whole, about 30 percent of businesses are majority-owned by women.

Sources: CNN.com , The Selig Center for Economic Growth at the University of Georgia.

NEW LAW FOR 2008(California):  

ANTI-DISCRIMINATION OF TENANTS' IMMIGRATION STATUS
Beginning January 1, 2008, a landlord or landlord's agent cannot inquire into the immigration or citizenship status of an existing or prospective tenant or occupant. A landlord may, however, request information or documentation necessary to determine or verify the financial qualifications of a prospective tenant, or to identify a prospective tenant or occupant. This law also prohibits any city or county from requiring a landlord or landlord's agent of residential rental property to inquire into, or take any action based upon, the immigration or citizenship status of an existing or prospective tenant or occupant. (Source: CA Assembly Bill 976.)

Help Providers:

Problemas con su hipoteca/prestamo:
> Hable con Acorn Housing. Ellos tienen un programa de negociar con su banco para parrar el "Foreclosure." No pierda su casa. 

> If you are having trouble paying your mortgage, please contact your lender or a credit counselors below:

888-409-3557, o visit acornhousing.org

1.888.995.HOPE, http://www.hopenow.com/

NeighborWorks America: http://www.nw.org/network/home.asp

Homeownership Preservation Foundation: http://www.995hope.org/

 

  
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