National Council of La Raza, partners launch $200M Hispanic homeowner program - San Antonio Business Journal:

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En Su Casa -- a $200 million program that combinee flexible mortgages and credittcounseling -- is being unveiledx in 20 communities in whicj the National Council of La Raza including in San In response to the Bush Administration's call to increase minority homeowners, Freddie Mac has identified a list of 25 initiativeas designed to address some of the traditional barriers to Participation in En Su Casa fits Freddiee Mac's criteria. "Freddie Mac is pleased to join forcewwith (Housing and Urban Development) Secretary (Mel) Martinez and the Nationa l Council of La Raza to support the president'sw call to increase minority says Freddie Mac Chairman and CEO Leland C.
In the program, Hispanic families will be able to utilizFreddie Mac's CounselorMax Web-based technologg to educate themselves on the homebuyingg process and to meet with the participatin lenders. For as little as $500 for a down payment, families coulr be eligible for a home Freddie Mac has committed to purchase upto $200 million in eligibled mortgages. Locally, Erika Hizel with the San Antonio officr of National Council of La Raza has been designatede the point of contacyt for En Su Casaat 212-4454.