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BizFed Institute to Address State of Latino Housing and Importance of Growing the Latino Middle Class

LOS ANGELES, Calif. (October 22nd, 2019) – BizFed Institute (BFI), in partnership with the California Latino Economic Institute (CLEI), and The Two Hundred, are pleased to announce a regional forum titled “State of Housing for Latinos in LA”.

A strong Latino middle class is crucial to the economic prosperity of the Los Angeles Metropolitan Area and California. Dr. Mindy Romero will present her research on the CLEI’s State of Latino Economic Well-Being in California Report focusing on a regional analysis on the state of Latino housing in Los Angeles. Findings of this report show that 62.1% of Latinos in the Los Angeles County lack adequate housing, while 52.8% feel overburdened by the cost of housing. 

“BizFed Institute is honored to help lead in mobilizing the key players in the housing industry to engage in a forum that fosters meaningful discussion that lead to measurable results” said Kevin Harbour, BFI President. 

“We need to address the growing wealth gap through homeownership and home building in California” said Frank Williams, Co-Founder and Investor Relations at Capital Direct Funding, and Vice-Chair of The Two Hundred. “Homeownership is no longer a pathway into the middle class for Latinos, and we need to fix that across all communities.”

The second part of the session will feature a panel of leaders engaging in a solution-driven conversation to address opportunities that will transform the economic future of the Latino community in Los Angeles.

“Los Angeles is the economic epicenter for Latinos in California and the United States” said Juan Novello, Chief Operating Officer at CLEI. “We must be at the helm of fixing this systematic issue to ensure the prosperity for generations to come – before it is too late.” 

Event Details

When: Friday October 25th, 2019

           9:30am – 12:00am

Where: USC Hotel

            3540 S Figueroa St., Room Champions A, Los Angeles, CA 90007

Who: BizFed Institute, California Latino Economic Institute, and The Two Hundred

Confirmed Speakers and Panelists

Dr. Robert Garcia – Mayor of Long Beach

Dr. Mindy Romero –California Civic Engagement Project (CCEP) at the University of Southern California’s Sol Price School of Public Policy, Founder and Director 

Alfred Fraijo – Sheppard Mullin, Partner

Jennifer Hernandez – Holland & Knight, Partner

Carlos Ortiz – Wells Fargo, Mortgage Banking Mgr.

John C. Gamboa – The Two Hundred, Vice Chair

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About BizFed Institute (BFI)

The BizFed Institute educates, engages, equips and measures consensus solutions from civically minded, nonprofit, academic, and regional thought leaders for the purpose of building strong communities throughout California.

About the California Latino Economic Institute (CLEI)

The mission of the CLEI is to serve as a catalyst to grow the Latino Middle Class. In 2015, the California Latino Legislative Caucus partnered with the California Business Roundtable to create the CLEI as a stand-alone, independent organization focused on convening stakeholders and conducting research to address the opportunities to expand a Latino middle class.

About The Two Hundred

The Two Hundred, an initiative sponsored by California Community Builders, is a statewide coalition of community leaders, opinion makers and minority advocates, to mitigate the growing racial wealth gap through homeownership and home building in California. 

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