Study of the state of Latino housing. Finds that Latinos have lower homeownership rates, lower housing values, spend higher proportions of their household income on housing costs, experience higher denial rates for mortgage loans, and are much more likely to live in crowded and inadequate housing than Whites. However, Latinos are also making gains in homeownership due to the massive increases in mortgages. Recommends policies to meet Latinos’ burgeoning needs for safe, affordable, and high quality shelter. Uses data from 2003 American Housing Survey, 2003, US Census 2000, the Housing Vacancy Survey/Current Population Survey, and the American Community Survey. Report commissioned from the Institute by Esperanza USA.