[Weekly Compilation of Presidential Documents Volume 31, Number 23 (Monday, June 12, 1995)]
[Pages 968-969]
[Online from the Government Publishing Office, www.gpo.gov]

<R04>
Proclamation 6807--National Homeownership Day, 1995

June 2, 1995

By the President of the United States

of America

A Proclamation

    Throughout the more than two hundred years since our Nation was 
founded, Americans have embraced the dream of homeownership. 
Strengthening families, establishing communities, and fostering 
prosperity, homeownership is the cornerstone of our economy and a common 
thread in our national life. Thanks to a tradition of cooperation 
between government and industry, the doors of homeownership have been 
opened to millions of Americans. And the United States is one of the 
first countries in the world to make homeownership a reality for a 
majority of its people.
    For the better part of this century, America has made homeownership 
a priority of national policy. The National Housing Act of 1934 created 
the Federal Housing Administration's home mortgage insurance program,

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empowering more than 23 million Americans to buy their own homes. In 
1944, the GI Bill of Rights set up the Veterans Administration's home 
loan guaranty program, enabling millions of veterans to start a new life 
for themselves and their families. The Housing Act of 1949 declared that 
every American family should enjoy a ``decent home and a suitable living 
environment''--an ideal that has been reaffirmed in myriad ways since 
then.
    Our country's long-standing commitment to this goal is a testament 
to the tremendous rewards of homeownership. Homeownership spurs the 
production and sales of goods and services, generating new jobs and 
brightening America's economic horizon. It encourages savings and 
investment, promotes economic and civic responsibility, and enhances the 
financial security of the American people. Perhaps most important, 
homeownership gives Americans pride in their neighborhoods and hope for 
a brighter tomorrow.
    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 5, 
1995, as ``National Homeownership Day.'' I urge all of our citizens to 
observe this day with appropriate programs, ceremonies, and activities 
that celebrate the great American Dream.
    In Witness Whereof, I have hereunto set my hand this second day of 
June, in the year of our Lord nineteen hundred and ninety-five, and of 
the Independence of the United States of America the two hundred and 
nineteenth.
                                            William J. Clinton

[Filed with the Office of the Federal Register, 10:33 a.m., June 5, 
1995]

Note: This proclamation was released by the Office of the Press 
Secretary on June 5, and it was published in the Federal Register on 
June 6.