[Federal Register Volume 63, Number 111 (Wednesday, June 10, 1998)]
[Presidential Documents]
[Pages 31591-31592]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-15601]


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                         Presidential Documents 
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  Federal Register / Vol. 63, No. 111 / Wednesday, June 10, 1998 / 
Presidential Documents  

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 Title 3--
 The President

[[Page 31591]]

                Proclamation 7104 of June 5, 1998

                
National Homeownership Week, 1998

                By the President of the United States of America

                A Proclamation

                Homeownership has always been the foundation of the 
                American Dream. Generations of Americans have worked 
                hard and set aside their savings so that they might 
                enjoy the security and stability of owning their own 
                home. The partnership forged between the Federal 
                Government and the private sector during this century 
                has succeeded in bringing that dream closer to reality 
                for all our citizens.

                The National Housing Act, which President Franklin 
                Roosevelt signed into law more than 60 years ago, made 
                homeownership available to millions of families who 
                previously could not have afforded to buy their own 
                homes. The G.I. Bill of Rights extended the opportunity 
                of homeownership to a whole new generation of 
                Americans, enabling millions of our service men and 
                women to start a new life in their own homes.

                Building on this legacy, in 1995 I convened the 
                National Partners in Homeownership--a coalition of 139 
                community-based local partnerships and 65 national 
                groups representing the housing industry, lenders, 
                nonprofit organizations, and all sectors of 
                government--to dramatically increase homeownership 
                opportunity in America. And my Administration's 
                economic strategy to reduce the deficit, invest in our 
                people, and open foreign markets has led to lower 
                mortgage rates, more jobs, and higher family incomes. 
                Thanks to the success of our strategy and the efforts 
                of the National Partners in Homeownership, we now have 
                the highest homeownership rate in America's history.

                Our Nation's commitment to homeownership has brought us 
                extraordinary rewards, invigorating the construction 
                and related industries, creating new jobs, and 
                enhancing our prosperity. The next generation of 
                American homes will also improve our environment. The 
                new partnership I recently launched with America's 
                building industry--the Partnership for Advancing 
                Technology in Housing--will dramatically improve the 
                energy efficiency of new homes, reducing the greenhouse 
                gases that cause global warming and cutting homeowners' 
                energy bills. Most important, homeownership has 
                encouraged millions of Americans to save and invest, to 
                take pride in their neighborhoods, and to take an 
                active, responsible role in the life of their 
                communities.

                NOW, THEREFORE, I, WILLIAM J. CLINTON, President of the 
                United States of America, by virtue of the authority 
                vested in me by the Constitution and laws of the United 
                States, do hereby proclaim June 7 through June 13, 
                1998, as National Homeownership Week. I urge all 
                Americans to observe this week with appropriate 
                programs, ceremonies, and activities that celebrate the 
                rewards of homeownership.

[[Page 31592]]

                IN WITNESS WHEREOF, I have hereunto set my hand this 
                fifth day of June, in the year of our Lord nineteen 
                hundred and ninety-eight, and of the Independence of 
                the United States of America the two hundred and 
                twenty-second.

                    (Presidential Sig.)

[FR Doc. 98-15601
Filed 6-9-98; 8:45 am]
Billing code 3195-01-P