Recognizing May 1, 2019, as Asian Real Estate Association of America Day at the State Capitol.
The resolution does not alter any state laws but represents a symbolic recognition of the Asian American community's role in the real estate market. By accompanying their advocacy with recognition by the state legislature, AREAA enhances visibility for issues related to housing and economic development within this demographic. Although it does not create or modify existing legislation, it serves to rally support for future policies that may address barriers to home ownership.
House Resolution 940 recognizes May 1, 2019, as Asian Real Estate Association of America Day at the State Capitol. The resolution highlights the contributions of the Asian Real Estate Association of America (AREAA) in promoting sustainable home ownership and property investment for Asian Americans. Founded in 2003, this nonprofit trade organization serves over 17,000 professionals in the real estate sector, advocating for policies that facilitate home ownership for the Asian American community.
The sentiment surrounding HR940 is largely positive, as it fosters recognition and appreciation for the contributions of Asian Americans in the field of real estate. Supporters view the resolution as an important acknowledgment of the challenges faced by Asian Americans in achieving home ownership and as a step towards greater inclusivity in economic discussions. There were likely discussions emphasizing diversity and representation within industry professional networks.
While generally well-received, any contention could arise from debates emphasizing representation in government and the need for focused economic policies for minority groups. There may be ongoing discussions regarding the effectiveness of symbolic resolutions versus actionable legislation to tackle systemic issues faced by minority communities. However, the resolution serves mainly to honor and celebrate the achievements of the community and does not provoke significant opposition.