National Homeownership Month, 2020

Proclamation 10047 of May 29, 2020

National Homeownership Month, 2020

By the President of the United States of America

A Proclamation

For generations, homeownership has sustained and
empowered Americans. Recently, we have been reminded
that our homes are central to our health, our
independence, and the well-being of our families. In
response to the coronavirus outbreak, millions of
Americans have transformed their homes into safe
havens, virtual workplaces, classrooms, and, most
importantly, places to nurture hopes and dreams for the
future. During National Homeownership Month, we
acknowledge the many benefits of secure and affordable
homeownership.

Thanks to my Administration's swift and decisive action
to assist millions of homeowners affected by the
coronavirus, we have protected the wealth that
hardworking Americans have built up through
homeownership. To help ensure that homeowners do not
lose their homes unnecessarily due to this crisis, I
signed into law the unprecedented Coronavirus Aid,
Relief, and Economic Security (CARES) Act. This
legislation provided direct cash payments to Americans
and authorized mortgage-payment relief for eligible
homeowners with federally backed mortgages struggling
to make their payments.

As our Nation's economy begins to recover, my
Administration remains focused on getting government
out of the way of responsible homeownership and
reforming our housing finance system. We have supported
affordable homeownership by eliminating outdated and
unnecessary regulations, and we are strengthening
investment in underserved communities through the
designation of Opportunity Zones. Through the work of
the White House Council on Eliminating Regulatory
Barriers to Affordable Housing, we are continuing to
collaborate with States and local jurisdictions to ease
the burden of regulations that needlessly hinder
opportunities for Americans to become homeowners.
Additionally, last year, the Department of the Treasury
and the Department of Housing and Urban Development
released plans to define the limited role of the
Federal Government in the housing finance system,
enhance taxpayer protections against future bailouts,
and promote competition in the housing finance system.

This month, we renew our commitment to helping pave the
way for more Americans to achieve the financial
benefits and stability of homeownership. Building on
the roaring success we were experiencing prior to the
coronavirus pandemic, our economy will rebound and
create the jobs that Americans need to achieve the
American dream of owning a home.

NOW, THEREFORE, I, DONALD J. TRUMP, President of the
United States of America, by virtue of the authority
vested in me by the Constitution and the laws of the
United States, do hereby proclaim June 2020 as National
Homeownership Month.

IN WITNESS WHEREOF, I have hereunto set my hand this
twenty-ninth day of May, in the year of our Lord two
thousand twenty, and of the Independence of the United
States of America the two hundred and forty-fourth.