In Case You Missed It: Acting Secretary Todman Discusses Critical Agency Investments and Homeownership at UnidosUS Conference

WASHINGTON - Last week, HUD Acting Secretary Adrianne Todman gave remarks and participated in a fireside chat to discuss the critical investments made in housing from the Biden-Harris administration and the importance of addressing homeownership in the Latino community.

Since the beginning, the Biden-Harris Administration has tackled this nation's housing crisis head-on. By expanding housing supply and creating affordable housing options, we can ensure that more families, especially those in the Latino community, have an opportunity to achieve the dream of homeownership, which is a cornerstone of financial stability and generational wealth. Just in the past couple years, we have helped over half a million Latino families buy and refinance their home. Since 2021, HUD supported nearly 3 million first time homebuyers. Of those first-time homebuyers, the percentage of FHA mortgages insuring Latino borrowers doubled the rate of the market average. Our country is committed to implementing policies that support these goals, recognizing that a diverse and inclusive housing market benefits everyone.

HUD Assistant Secretary for Administration Elizabeth de León Bhargava and Ginnie Mae Acting President Sam Valverde, who is the first Latino leader of this key institution, also attended the UnidosUS Conference, meeting with stakeholders from across the country to discuss innovative ways to address affordable housing. Bhargava highlighted how the Biden-Harris Administration provided $85 million in funding for communities to identify and remove barriers to affordable housing production and preservation, and lower housing costs.