[Public Papers of the Presidents of the United States: WILLIAM J. CLINTON (2000-2001, Book III)]
[October 26, 2000]
[Pages 2331-2332]
[From the U.S. Government Publishing Office www.gpo.gov]



Statement on Reaching the Nation's Highest Homeownership Rate
October 26, 2000

    Today I am proud to announce that our Nation has broken a new 
record. According to the Department of Housing and Urban Development, 
America has reached its highest homeownership rates ever. This is 
tremendous new evidence that more and more American families

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are realizing the dream of owning their own home. Higher homeownership 
rates help build stronger families, create more stable communities, and 
raise living standards for all Americans.
    Vice President Gore and I came to office committed to a strategy to 
make it easier for American families to buy their own homes. By 
providing record levels of homeownership loan assistance, increasing the 
availability of affordable housing, providing incentives to save for a 
home purchase, and maintaining our commitment to fiscal discipline that 
has kept interest rates low, we have worked to ensure that every family 
has the opportunity to own their own home. I would like to particularly 
thank Vice President Gore and Secretary 
Cuomo for their excellent leadership in 
working with families, especially in low-income and empowerment 
communities, to help make homeownership a reality.