Community and Family Wealth-Building
NCLR’s Housing and Community Development component and Wealth-Building Policy Project seek to strengthen Latino communities by preserving and increasing their wealth. Latino families own just nine cents for every dollar owned by White families, a figure known as the racial wealth gap. For this reason, NCLR is devoted to helping low-income Latino households build wealth through tangible assets, such as homes, cars, and savings. NCLR offers programs that help Latinos purchase their first home, avoid foreclosure, access their tax refund, and make good financial decisions. We also work toward policy change that would hold banks and lenders more accountable to Latino families for their services, protect against deceptive lending practices, and increase access to financial products and decision-making tools. Our work helps all families achieve a more secure financial future.