Study: Latino community needs education in housing options
Posted May 18
The fastest growing segment of the North Carolina population – Latino residents – could offer a boost to the state housing market, according to a study done at the University of North Carolina at Chapel Hill.
About 800,000 Latino people live in the Tar Heel State and 50 percent of them are 25 or younger. Latinos are more likely to rent (57 percent) compared to all N.C. households (33 percent).
Luis Pastor, CEO of the Latino Community Credit Union, said that researchers found Latinos need education about the housing options available to them.
“It is clear from this study that all of us working in the housing sector need to find ways to expand affordable housing options, both single-family homes and rentals, do a better job of educating and connecting Latinos with information and resources, and train industry players how they can better tap and serve this market,” he said.