Jun Zhu

Wells Fargo is funding a new initiative from nonprofit UnidosUS to create four million new Latino homeowners by 2030. HOME, which stands for “Home Ownership Means Equity,” is a new plan to influence systemic change in order to make homeownership available to more Latinos in the U.S.  “We need to make homeownership more accessible, especially in historically marginalized communities,” said Kristy Fercho, head of Diverse Segments, Representation, and Inclusion at Wells Fargo. Over the next 20 years, Latinos are forecast to account for most new homebuyers in the U.S. “Between 2020 and 2040, if you’re talking about the homeownership increase, 70% of the new net homeowners are actually Hispanic,” researcher Jun Zhu from the Urban Institute told WFAE. “This is…