National Homeownership Month, 2002

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Title 3--
The President

Proclamation 7570 of June 4, 2002

National Homeownership Month, 2002

By the President of the United States of America

A Proclamation

Homeownership is an important part of the American
Dream. As President, I am committed to helping many
more Americans achieve that dream. A home provides
shelter and a safe place where families can prosper and
children can thrive. For many Americans, their home is
an important financial investment, and it can be a
source of great personal pride and an important part of
community stability.

Homeownership encourages personal responsibility and
the values necessary for strong families. Where
homeownership flourishes, neighborhoods are more
stable, residents are more civic-minded, schools are
better, and crime rates decline. Thanks to the
resources available in our Nation, more Americans own
homes today than at any time in our history. However,
among African American and Hispanic families, fewer
than half are home owners. My Administration is working
to provide all families with the tools and information
they need to accumulate wealth and overcome barriers to
homeownership.

The Department of Housing and Urban Development is
partnering with State and local governments, community
groups, and the private sector to make the most
effective use of Federal funds. Through a combination
of down payment assistance, tax incentives, and
education about the process and responsibilities of
homeownership, we are helping thousands of Americans
buy homes and pursue a better quality of life.

During National Homeownership Month, I encourage all
Americans to learn more about financial management and
to explore homeownership opportunities in their
communities. By taking this important step, individuals
and families help safeguard their financial futures and
contribute to the strength of our Nation.

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 2002 as National
Homeownership Month. I call upon the people of the
United States to join me in recognizing the importance
of providing all our citizens a chance to achieve the
American Dream.

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

(Presidential Sig.)B