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Congressman Royce, Freddie Mac, and Local Partners Reach Out To Latino Community in Effort to Increase Homeownership; New Community-Based Effort With Affordable Housing Clearinghouse, National Association of Hispanic Real Estate Professionals, and Other Organizations Brings Homebuying Solutions to Orange County Latino Families.

Publication: PR Newswire
Publication Date: 29-APR-03 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
U.S. Representative Ed Royce today joined Freddie Mac and a coalition of local, state and national organizations to launch the Orange County Latino Homeownership Initiative. This innovative minority outreach initiative will use an innovative Mobile Mortgage Center plus informational computer kiosks and flexible mortgage products to put hundreds of Latino families on the road to homeownership.

The Latino Homeownership Initiative is designed to reach out to Southern California residents who may not fully realize their potential to become homeowners because of cultural or language barriers or misconceptions about the homebuying process.

"Owning your own home is an important part of the American dream. However, homeownership rates among Latinos and other minorities are well below the average in Orange County," said Royce. "Too often people are not aware of the opportunities and assistance available to them. This initiative will go a long way to get people the right information they need to make homeownership a reality. Hopefully, we can...

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