On Monday, September 24, Housing and Urban Development (HUD) Secretary Shaun Donovan addressed the 2012 Asian Real Estate Association of America (AREAA) National Convention hosted in Las Vegas, Nevada. For nearly a decade, AREAA has played an important role, and provided an important voice, to ensure Asian American communities have a pathway to homeownership, and the annual meeting focused on professional development for real state practitioners who have a passion for creating homeownership opportunities for Asian American consumers.

During the convention’s opening plenary session, entitled “The Power of Asian American Housing Consumers,” Secretary Donovan underscored the Obama Administration’s efforts to build upon housing market momentum using tools provided under the landmark mortgage servicing settlement, including progress resulting in relief for thousands of homeowners in the region and across the country. He also outlined housing counseling grants and other resources provided by the Federal Government that have helped to better serve AAPI families struggling to keep their homes.

For more details on “Think Forward” AREAA’s 2012 National Convention, hosted from September 23 – 25, visit areaa.org.

For full text of Secretary Donovan’s speech, click HERE.