[Congressional Record Volume 163, Number 112 (Thursday, June 29, 2017)]
[Extensions of Remarks]
[Page E932]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                   NATIONAL HOMEOWNERSHIP MONTH 2017

                                 ______
                                 

                           HON. JOYCE BEATTY

                                of ohio

                    in the house of representatives

                        Thursday, June 29, 2017

  Mrs. BEATTY. Mr. Speaker, I rise today as a member of the House 
Committee on Financial Services' Subcommittee on Housing and Insurance 
in recognition of June as National Homeownership Month.
  For many families across this country, homeownership is the 
cornerstone of achieving their American Dream.
  It has proven to be one of the most effective ways for lower-and 
middle-income families to build wealth.
  Unfortunately, nearly a decade after the 2008 Financial Crisis, 
realizing the American Dream is still out of reach for too many 
Americans due to tightened mortgage credit standards throughout the 
industry.
  Each year, National Homeownership Month provides us the opportunity 
to recognize and identify the significant benefits of homeownership and 
the resources needed to help more Americans become homeowners.
  In that spirit, it is equally important that we continue to support 
efforts to improve financial literacy in the home buying process 
through the many housing counseling programs across the country.
  That is why I introduced the Housing Financial Literacy Act, H.R. 
851, which will help make homeownership a reality for more families by 
giving first-time homebuyers who complete a Department of Housing and 
Urban Development-certified housing counseling course a discount on 
their Federal Housing Administration mortgage insurance premium of 25 
basis points.
  Let's make the American Dream of homeownership accessible for more 
Americans this National Homeownership Month and every month throughout 
the year.

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