IV 108th CONGRESS 2d Session H. RES. 658 IN THE HOUSE OF REPRESENTATIVES June 1, 2004 Mr. Gary G. Miller of California (for himself, Mr. Oxley, Mr. Frank of Massachusetts, Mr. Ney, and Ms. Waters) submitted the following resolution; which was referred to the Committee on Financial Services RESOLUTION Recognizing National Homeownership Month and the importance of homeownership in the United States.

Whereas the President of the United States has designated the month of June as National Homeownership Month each of the last two years and will do the same in 2004; Whereas the national homeownership rate in the United States has reached a record high of 68.6 percent and, for the first time, more than half of all minority families are homeowners; Whereas the people of the United States are one of the best-housed populations in the world; Whereas owning a home is a fundamental part of the American dream and is the largest personal investment many families will ever make; Whereas homeownership provides economic security for homeowners by aiding them in building wealth over time and strengthens communities through a greater stake among homeowners in local schools, civic organizations, and churches; Whereas improving homeownership opportunities requires the commitment and cooperation of the private, public, and nonprofit sectors, including the Federal Government and State and local governments; and Whereas the current laws of the United States encourage homeownership and should continue to do so in the future: Now, therefore, be it

That

the House of Representatives— (1)fully supports the goals and ideals of National Homeownership Month; and (2)recognizes the importance of homeownership in building strong communities and families.