110 HRES 477 EH: Recognizing National Homeownership Month and U.S. House of Representatives 2007-06-25 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 110th CONGRESS 1st Session H. RES. 477 In the House of Representatives, U. S., June 25, 2007 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 2007 as National Homeownership Month; Whereas the national homeownership rate in the United States has reached a record high of almost 70 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 creating affordable 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.

Lorraine C. Miller, Clerk.