109 HRES 312 IH: Recognizing National Homeownership Month and the importance of homeownership in the United States. U.S. House of Representatives 2005-06-09 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

IV 109th CONGRESS 1st Session H. RES. 312 IN THE HOUSE OF REPRESENTATIVES June 9, 2005 Mr. Gary G. Miller of California (for himself, Mr. Oxley, Mr. Frank of Massachusetts, Mr. Ney, Ms. Waters, and Ms. Harris) 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 issued a proclamation designating the month of June 2005 as National Homeownership Month; Whereas the national homeownership rate in the United States has reached a record high of 69.1 percent and 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, such as the American Dream Downpayment Act, 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.