[Federal Register Volume 87, Number 107 (Friday, June 3, 2022)]
[Presidential Documents]
[Pages 33609-33610]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-12127]


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  Federal Register / Vol. 87, No. 107 / Friday, June 3, 2022 / 
Presidential Documents  

[[Page 33609]]


                Proclamation 10411 of May 31, 2022

                
National Homeownership Month, 2022

                By the President of the United States of America

                A Proclamation

                For many Americans, a home is more than just a 
                residence. It is a place that instills a sense of 
                pride, security, and comfort that, no matter what 
                challenges in life arise, they have somewhere to go and 
                call their own. Whether owning or renting, a home is 
                where we can live with dignity and watch our families 
                grow. During National Homeownership Month, we recognize 
                the importance of housing and reaffirm our commitment 
                to ensuring that everyone has a place to call home.

                Every American should be able to afford to rent or own 
                a home of their own. Yet across the country, the price 
                of housing--both for renters and homebuyers--is 
                increasing, making it harder for people to find an 
                affordable home. Our Nation is facing a housing 
                shortage that is driving up prices--and with housing 
                prices near record highs, too many families are unable 
                to make other important investments, such as furthering 
                their education or saving for retirement.

                Throughout the pandemic, my Administration has helped 
                people who have struggled, through no fault of their 
                own, stay in their homes by providing financial relief 
                to help pay the mortgage or the rent. To tackle the 
                root causes of housing affordability, my Administration 
                released a Housing Supply Action Plan, aimed at closing 
                the nationwide shortfall of housing for purchase and 
                rent in 5 years through a variety of measures: 
                incentivizing States and localities to create the 
                conditions for more housing, improving financing tools 
                for a wider range of housing arrangements, enhancing 
                existing forms of financing for housing construction, 
                and addressing other barriers to housing supply and 
                affordability, such as supply chain issues due to the 
                pandemic. My budget also includes investments to 
                address the critical shortage of affordable housing and 
                provide first-generation down payment assistance to 
                aspiring homeowners.

                Homeownership is a major source of generational wealth 
                for many Americans--it is a central part of the 
                American dream. But for too many Americans--especially 
                Black and Brown Americans--homeownership and the 
                opportunity to build and pass down wealth through it 
                are unattainable. Longstanding inequities in the 
                housing system, from disinvestment to redlining and 
                mis-valuation of homes in communities of color, have 
                locked out entire generations from the American dream 
                and the opportunity to build generational wealth. 
                Housing also opens up opportunities that are tied to 
                where one lives, and it is our shared responsibility to 
                ensure that everyone has equitable access to those 
                opportunities--from education and stable employment to 
                quality health care and healthy food.

                My Administration is committed to ending unlawful 
                housing discrimination and advancing equity for 
                underserved communities. Toward that aim, we have 
                launched an aggressive effort to combat racial 
                discrimination in housing. I also remain committed to 
                expanding access to homeownership opportunities for 
                first-time home buyers and minority homebuyers while 
                ensuring that Black and Brown families receive a fair 
                appraisal for their homes. Through the Property 
                Appraisal and Valuation Equity Action Plan, we have 
                developed

[[Page 33610]]

                the most wide-ranging set of Federal reforms in history 
                to ensure that the color of a person's skin does not 
                determine the value of their home.

                As we mark National Homeownership Month, we recognize 
                the importance of housing for all Americans. Whether 
                owning, renting, or aspiring to do either, we renew our 
                commitment to lowering costs and expanding access to 
                safe, affordable homes that all Americans need and 
                deserve. Together, we can ensure that every American 
                has a safe place to call home.

                NOW, THEREFORE, I, JOSEPH R. BIDEN JR., President of 
                the United States of America, by virtue of the 
                authority vested in me by the Constitution and the laws 
                of the United States, do hereby proclaim June 2022 as 
                National Homeownership Month. I call upon the people of 
                this Nation to safeguard the American Dream by ensuring 
                that everyone has access to an affordable home in a 
                community of their choice.

                IN WITNESS WHEREOF, I have hereunto set my hand this 
                thirty-first day of May, in the year of our Lord two 
                thousand twenty-two, and of the Independence of the 
                United States of America the two hundred and forty-
                sixth.
                
                
                    (Presidential Sig.)

[FR Doc. 2022-12127
Filed 6-2-22; 8:45 am]
Billing code 3395-F2-P