[Congressional Record Volume 156, Number 96 (Thursday, June 24, 2010)]
[Extensions of Remarks]
[Page E1204]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                RECOGNIZING NATIONAL HOMEOWNERSHIP MONTH

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                               speech of

                          HON. DANNY K. DAVIS

                              of illinois

                    in the house of representatives

                        Wednesday, June 23, 2010

  Mr. DAVIS of Illinois. Mr. Speaker, I would like to express my 
support and recognition of National Homeownership Month and the 
importance of owning a home. Homeownership is a signifying mark of hard 
work and informed decisionmaking. Therefore it is in the interest of us 
all to ensure that our decisions about homeownership are informed.
  During National Homeownership Month, there is an emphasis placed on 
the importance of providing first time home buyers and those who have 
acquired home information that is imperative to them making informed 
decisions. In light of the current economic recession, it is crucial 
that information of this nature is provided to the people in an effort 
to revive the economy.
  The recognition of National Homeownership Month is especially 
important as it pertains to my constituents. In the 7th Congressional 
District of Illinois, the community of North Lawndale has real estate 
values estimated at six figures, the median income of the people that 
live there is estimated to be five figures, and there have been over 
200 foreclosures as of June 16, 2010. I firmly believe that the 
foreclosure of those homes could have been prevented had the 
constituents been informed and privy to the information necessary to 
make the best decision for themselves and their families.
  It is also important to recognize the importance of owning a home 
given the social and familial ties that are associated with and can be 
cultivated by homeownership. Homeownership is essential to building the 
foundations of longstanding social networks. It is imperative that 
there is stability in the society for the purpose of cultivating and 
expanding the social networks we develop into meaningful relationships 
aimed at making substantial change through these relationships.

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