Texas Senate Bill SR722

Texas 2015 - 84th Regular

Caption

Recognizing May 6, 2015, as Asian Real Estate Association of America Day.

Impact

The resolution aims to bring awareness to the challenges and successes of Asian Americans in the real estate market. By designating a specific day for recognition, the resolution highlights the important role that the Asian American community plays in property ownership and investment in Texas. This acknowledgment serves to bolster support not only for the organization but also for the larger social and economic issues tied to real estate access in Asian communities.

Summary

Senate Resolution No. 722 recognizes May 6, 2015, as Asian Real Estate Association of America Day at the State Capitol. This resolution highlights the contributions of the Asian Real Estate Association of America (AREAA), a nonprofit trade organization founded in 2003, which focuses on promoting sustainable home ownership and property investment for Asian Americans. Throughout its national network, AREAA works to advocate against barriers hindering the attainment of home ownership for the Asian American community, thereby enhancing business opportunities for real estate professionals serving this demographic.

Contention

While the resolution does not appear to have significant points of contention, it essentially serves as a formal recognition without legislative authority. It aligns with broader discussions around diversity in real estate and the need for representation. Some may argue that while such recognitions are valuable, they should also be accompanied by tangible policy changes that further facilitate access to home ownership within the Asian American community.