[Congressional Record Volume 154, Number 101 (Wednesday, June 18, 2008)]
[Extensions of Remarks]
[Page E1262]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                          HOMEOWNERSHIP MONTH

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                             HON. AL GREEN

                                of texas

                    in the house of representatives

                        Wednesday, June 18, 2008

  Mr. AL GREEN of Texas. Madam Speaker, I am proud to commemorate June 
2008 as National Homeownership Month and would like to thank my 
colleague, Congressman Gary Miller, for introducing H. Res. 127, 
recognizing National Homeownership Month and the importance of 
homeownership in the United States.
  In 2002, President George W. Bush designated June as National 
Homeownership Month to strengthen our Nation's commitment to equal 
housing opportunities for all, setting a goal to increase minority 
homeownership in America by 5.5 million by 2010. Purchasing a home is 
the largest investment made by most households, providing economic 
security and an opportunity for homeowners to build wealth.
  It has become clear, however, with at least 1.4 million foreclosures 
predicted next year and as many as 2.8 million Americans projected to 
lose their homes in the next 5 years due to the subprime mortgage 
crisis, that we must rededicate ourselves at all levels of private, 
public, and nonprofit sectors to keep homeowners in their homes and 
ensure equal housing opportunities for all people. We must work 
together as a Nation to protect American homeowners and ensure that 
every American has the opportunity to live and hold onto the American 
Dream.

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