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San Antonio, Texas — UNC Center for Community Capital associate director Janneke Ratcliffe presented findings from the center’s recent study on the impact of the foreclosure crisis on Hispanic families today (July 12) at the annual conference of the National Council on La Raza.

The Foreclosure Generation: The Long-Term Impact of the Housing Crisis on Latino Children and Families,” used interviews with Latino families who have suffered a foreclosure to shed light on the damage inflicted by the loss of their home.

An estimated 1.3 million Latino families will lose their homes to foreclosure between 2009 and 2012, Ratcliffe said. Families interviewed generally had exhausted all available resources in an effort to keep their homes, were unable to secure assistance from their mortgage servicer, and often relied on relatives and friends for shelter and assistance. Marital discord, anxiety, depression, children’s poor performance in school, financial loss, and strained relationships between parents and children were among the consequences reported.

This research was funded by and jointly undertaken with NCLR. Its annual conference represents the largest and most important gathering of the nation’s most influential individuals, organizations, institutions and companies working with the Hispanic community.

Homeownership finance is a key area of focus for the UNC Center for Community Capital, the leading center for research and policy analysis on the transformative power of capital on households and communities in the United States. The center is part of the College of Arts and Sciences at the University of North Carolina at Chapel Hill. Its in-depth analyses help policymakers, advocates and the private sector find sustainable ways to expand economic opportunity to more people, more effectively. For more information, visit or call (919) 843-2140.

Topics(s): Affordable Homeownership, Mortgage Finance
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