National Homeownership Month, 2007

Proclamation 8154 of June 1, 2007

National Homeownership Month, 2007

By the President of the United States of America

A Proclamation

Owning a home is part of the American dream, and
National Homeownership Month is an opportunity to
encourage our citizens to explore the benefits of
owning a home.

Owning a home provides a source of security and
stability for many of our citizens. My Administration
is committed to fostering an ownership society and
helping more Americans realize the great promise of our
country. Today, nearly 70 percent of Americans own
their homes, and the rate of minority homeownership has
climbed to above 50 percent since I took office in
2001. The Department of Housing and Urban Development
is continuing to enforce the Fair Housing Act to
confront housing discrimination and advance equal
housing opportunities for everyone. We are also working
with the Congress to modernize the Federal Housing
Administration in order to better provide safe, fair,
and affordable mortgages to first-time homeowners,
minorities, and individuals with less than perfect
credit. In addition, the American Dream Downpayment Act
of 2003 is helping thousands of low to moderate income
and minority families with the downpayment and closing
costs on their homes. My Administration also continues
to support more funding for the Self-Help Homeownership
Opportunity Program and the HOME Investment Partnership
Program, which provide low-income citizens and
minorities with more homeownership opportunities.

During National Homeownership Month and throughout the
year, I urge citizens to consider homeownership
opportunities in their communities, and I applaud
American homeowners for helping fuel the economy.

NOW, THEREFORE, I, GEORGE W. BUSH, President of the
United States of America, by virtue of the authority
vested in me by the Constitution and laws of the United
States, do hereby proclaim June 2007 as National
Homeownership Month. I call upon the people of the
United States to join me in recognizing the importance
of homeownership and building a more prosperous future.

IN WITNESS WHEREOF, I have hereunto set my hand this
first day of June, in the year of our Lord two thousand
seven, and of the Independence of the United States of
America the two hundred and thirty-first.